India PC market saw 4.5mn unit shipments in Q3, HP leads

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New Delhi, Nov 18 | The Indian traditional PC market inclusive of desktops, notebooks, and workstations saw 4.5 million unit shipments in the third quarter (Q3) this year despite ongoing supply challenges, a new report revealed on Thursday.

According to International Data Corporation’s (IDC), the traditional PC shipments witnessed a 30 per cent year-over-year (YoY) growth in Q3 2021 (Jul-Sep), marking the fifth consecutive quarter of growth in India.

“Despite the better allocations to a few segments, the demand-supply gap continues to be a challenge as enterprises and SMBs continue to order in big volume,” Bharath Shenoy, Senior Market Analyst, PC Devices, IDC India, said in a statement.

Notebook PCs continue to dominate the overall category with more than 80 per cent share. Enterprise and consumer demand helped the Notebook category to reach over 3 million units for the first time, and the desktop category also continued its upward momentum as it grew by 30.5 per cent YoY in 3Q21.

HP maintained its lead in the overall PC category as it reported the third consecutive quarter with over a million shipments in the country. It led both commercial and consumer segments with a 28.5 per cent share in the overall PC category, while it maintained over 30 per cent share in the commercial segment for the third straight quarter, its share fell to 25.3 per cent in the consumer segment despite its consumer shipments growing 22.5 per cent YoY in 3Q21.

Dell Technologies retained the second position with over 23.8 per cent share in the overall PC category. The vendor had a consistent inflow of supplies during the quarter that helped it register its first quarter in India with over a million shipments. It also overtook Lenovo in the consumer segment to take second place with a share of 19.2 per cent in 3Q21.

Lenovo maintained the third position with an overall share of 18.6 per cent in 3Q21. Its shipments grew 19 per cent YoY in the commercial segment on account of a strong performance in the SMB and enterprise segments. However, its consumer segment saw a marginal 3.4 per cent YoY growth during the quarter.

Source: IANS

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While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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