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Coronavirus to trigger fresh consolidation across sectors, says BofA

Brokerage says organised, large firms will grab more market share in the post-Covid world


Currently, the share of the top five players has increased to 62 per cent and is excepted to rise further as covid-19 triggers fresh round of disruptions. Photo: Shutterstock

Samie Modak Mumbai
The Covid-19 pandemic will trigger a second wave of consolidation in India, resulting in big firms across sectors gaining further market share from smaller and unorganised players, says BofA Securities.  

The first round of consolidation was triggered by demonetisation and implementation of the goods and services tax (GST) in 2016 and 2017, respectively.

BofA Securities analysed 1,125 listed companies across sectors such as consumer, financials, real estate, communication services and energy. Broadly, the top five players in each sector accounted for less than 60 per cent market share before 2016. Currently, the share of the top five players has increased to

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First Published: May 26 2020 | 7:04 PM IST

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