Weekly Fundamental Insights With Rini Mehta | 5th September 2022

Highlights of 5th September '22 Fundamental Weekly Podcast- BSE-30 and Nifty-50 returns were flat but remained volatile during the week.- India’s Q1FY23 real GDP grew by 13.5%, aided by private consumption growth.- GST collections remained buoyant and manufacturing PMI was healthy for August 2022.- Crude oil prices have been volatile, and the U.S. 10-year bond yield has gradually moved up to 3.25%.- FIIs were net buyers in the month of Aug’22 to the tune of Rs 22,025.6 cr.- Indian cement sector will recalibrate on multiple fronts in the next 3 years. We expect demand to grow at 7% CAGR in FY2022-26E. UltraTech Cement and Dalmia from the sector are well-placed on multiple fronts in the long term.- Pick of the Week – GHCL. Buy Target - Rs 715. Realisation in Q1 grew 80% YoY, as the company has taken two round of price hike and expect the benefit to flow in 2QFY23 as well.