• Vehicle registrations for August improve due to festivities, when compared month-on-month, but remain 27% lower on a year-on-year basis
• Entry level passenger vehicles show initial signs of demand revival
• Overall demand still not back to pre-covid levels
• Risk averse mood of banks, NBFCs, coupled with stricter CIBIL scores fails to capture the demand
• Retail sales are still at 70-75% level despite low base of last year.

• Total vehicle registrations down 26.8% to 11,88,087 units
• Two-wheeler registrations down 28.7% to 8,98,775 units
• Three-wheeler registrations down 69.5% to 16,857 units
• Commercial Vehicle registrations down 57.4% to 26,536 units
• Passenger Vehicle registrations down 1,78,513 units
• Tractor registrations up 27.8% to 67,406 units

Source: FADA

• Top laggard on the Nifty 50 index
• Top laggard on the PSU Bank index
• Falls as much as 4.9% to Rs 194.1
• Trades at the lowest level in nearly a month
• Down for the second straight day
• Has gained only twice in the last eight trading sessions
• Today's volumes were on par with its 20-day average
• Breaks below its 50-Day Moving Average of 196.8
• Down 45% from its 52-week high of Rs 351 on November 28, 2019
• 49 out of the 53 analysts tracking the stock have a buy recommendation; 1 sell call
• Return potential of the stock as per Bloomberg data is 38%

• Benchmark indices continue to hold losses
• Nifty down 0.8% at 11,227
• Sensex down 0.8% at 38,058
• Nifty Bank down 2.3% to Rs 22,219
• Nifty Midcap index down 1.5%
• Nifty Smallcap index down 2.3%
• India Volatility Index up 1.3% at 23
• Nifty PSU Bank index extends losses as the top sectoral laggard; down 3.4%
• Nifty Realty is the other major sectoral laggard; down 2%
• Nifty Media, Nifty Metal index down over 1.5% each
• Nifty Pharma is the only sectoral gainer; up 0.9%
• Hero MotoCorp remains the top Nifty gainer; up 1.3%
• State Bank of India is the top Nifty laggard; down 4.5%
• 296 stocks on the NSE trade with gains while 1,477 stocks decline