Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

India Consumer staples / Thematic (Sector/Industry)

<ul><li>As of FY20, the Food Services industry in India was valued at Rs4.2tn and grew by 7- 8% over the prior 5 years.</li><li>FY21 was a forgettable year, as the sector was affected by restrictions on operating hours &amp; capacity, which shrunk the industry size by ~76%.</li><li>Around 26% of restaurants in India shut down permanently, with ~33% of the 7.4mn workforce losing their jobs...(continued).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

As of FY20, the Food Services industry in India was valued at Rs4.2tn and grew by 7- 8% over the prior 5 years.FY21 was a forgettable year, as the sector was affected by restrictions on operating hours &amp; capacity, which shrunk the industry size by ~76%.Around 26% of restaurants in India shut down permanently, with ~33% of the 7.4mn workforce losing their jobs...(continued).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Sector Update: Restructured Food Services Industry Looking at Good Potential Going Ahead