Covid Recovery Pulse - E-Way bill generation shows recovery signs with auto volumes flat - ICICI Securities

Vahan registrations were flat week-on-week at ~54,000 units during September 13-17, i.e. ~68% of pre-Covid levels.

E-Way bill generation for September (till September 13) began on a strong note reaching Rs. 2.3 crore. If we extrapolate and compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020) has reached ~93-95% of the average 5.5 crore bills. E-way bill generation for April, May, July and August hovered at 16%, 46%, 79%, 88% and 90% levels, respectively.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_CovidRecoveryPulse_18Sep20.pdf

Source : Equity Bulls

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