Economic growth since demonetisation, Maruti Suzuki's downbeat sales; all this and more on Moneycontrol Pro

Finally, some great news! India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. In sum, all the information you need for wealth creation. Cash is back: Currency with the public, as a percentage of nominal GDP, is at pre-demonetisation levels One of the reasons for the current slowdown, it is said, is the body blow dealt to small businesses by demonetisation. But recent data shows a steady climb in cash holdings taking it back to normal levels. One could even say the effect of demonetisation has been reversed. What are the implications? Read here to find out. How government spending has propped up economic growth since demonetisation After demonetisation, it is government spending that has propped up growth. Growth in the private sector has been lower, sometimes much lower, than what the headline numbers indicate. Now, there is clamour for more government spending to support growth. Is this possible? Read here to understand this issue better. [caption id=“attachment_6847201” align=“alignleft” width=“380”]  Representational image[/caption] Chart of the day: Maruti Suzuki’s August downbeat sales have a spring in them Maruti Suzuki’s year-on-year sales data shows a gloomy picture and while sequential numbers too have declined, a moderation in the pace of decline is a first hint of the situation going from worse to bad. Of course, one has to wait for a few more months before one can call it a trend. Click here to read what we found. Ideas for Profit | Aditya Birla Fashion and Retail holds promise. Here’s why Aditya Birla Fashion and Retail (ABFRL) is one of India’s largest lifestyle retailers. In Q1 FY20, its decent revenue growth was primarily led by store additions. Its gross margin expanded due to better product mix, which helped EBITDA margin improve. Higher other income led to an uptick in its net profit margin. Click here to read why despite expensive valuations investors should look at this stock. Why investors should ride on this bank’s growth despite expensive valuations The macro-environment is becoming more challenging but the balance sheet of AU Small Finance Bank is relatively small, leaving headroom for growth. It has strengths such as a strong management team, a diversified asset book, and earnings growth potential. Click here to read why investors should evaluate it as an addition to their portfolio. Picks from our technical analysts Indiabulls Housing Finance: The stock is in a bearish trend and near its long-term support level. Click here to learn how to use its options to make a profit. Britannia: This stock has taken support near Rs 2350-2400 levels. Also, on a relative strength chart it is showing strength. Click here to know how to trade its futures.