Weekly Fundamental Podcast by Rini Mehta | 17th Sept 2023

Highlights of 17th September Fundamental Weekly Podcast:- Large indices like BSE-30 and NSE-50 gave weekly return of close to 1%. - Indian mid-cap and small-cap indices outperformed the large-cap index while BSE Metals and BSE Realty indices saw weekly gain in excess of 5%.- Flls continue to be a net seller to the tune of Rs 9580 crores, to date in Aug'23..- India's real GDP growth in Q1FY24 came in at 7.8%.- PICK OF THE WEEK – NCC - TARGET - Rs 175- NCC reported strong execution with robust order inflows in the quarter.- Standalone net revenue/EBITDA/PAT grew 29.7%/35.3%/64% YoY respectively. - The company secured ~Rs 8154 cr of average value ~Rs 679 cr. - We raise earnings estimates in the range of 4-9% for FY24-25E factoring in strong Q1FY24 results, robust order backlog and positive outlook. #KotakSecurities #WeeklyFundamentalInsights #WeeklyOutlook #StockMarket #StockMarketIndia #Stocks #Trading #Investing #NCC