Covid Recovery Pulse - E-way bill generation in January 2021 starts on strong note... - ICICI Direct

Vahan daily registrations remained well below positivity observed during festive period, with MTD January 2021 figure at ~68,000 units, at ~85% of pre-Covid levels. The reading is barely changed on week-on-week basis.

E-Way bill generation for January began on a strong note reaching 4.8 crore. If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~109% levels of the average 5.5 crore bills. E-Way bill generation for April, May, July, August, September, October, November and December hovered at 16%, 46%, 79%, 88%, 90%, 104%, 116%, 105% and 116% levels, respectively.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_CovidRecoveryPulse_29Jan21.pdf

Source : Equity Bulls

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