Weekly Fundamental Podcast by Rini Mehta | 20th Nov 2023

Highlights of 20th November Fundamental Weekly Podcast:- Both Nifty and Sensex gained ~1.5%.- NSE Midcap Index gained 2.5% and the BSE Smallcap Index gained 4.3%.- The Q2FY24 earnings season ended with a modest beat versus our expectations, primarily due to strong performance of OMCs.- In Oct'23, FPIs were net sellers (in cash market) of US$2,657mn.- PICK OF THE WEEK – Infosys - TARGET - Rs 1700- Infosys reported revenue was spruced up by pass-through and one-off elements. - Four mega deals drove TCV of US$7.7 bn with US$3.7 bn net new component.- We cut FY2024-26 revenue and EPS estimates by 1-2% and tweak FV to Rs1,700, valuing the stock at unchanged 22X September 2025E earnings.#KotakSecurities #FundamentalPodcast #WeeklyInsights #MarketInsights #Equity #PickOfTheWeek #Infosys #StockMarkets #Trading #Investing