Weekly Fundamental Podcast by Rini Mehta | 23rd Oct 2023

Highlights of 23rd October Fundamental Weekly Podcast- Both Sensex 30 and Nifty 50 trended lower, while BSE midcap index underperformed the larger indices (Sensex30, Nifty50) and BSE smallcap index returns were flat.- In Equity markets, globally and in India will continue to react to the geo-political challenges, crude oil price and bond yield movement.- Flls continue to be a net cash seller to the tune of Rs. 13,867.93 crores, to date in Oct'23.- PICK OF THE WEEK – HDFC Life - TARGET - Rs 830- Gaining back counter share, margins almost stable HDFC Life reported 4% VNB Growth in 2QFY24 driven by a 7% higher APE- VNB compression was marginal despite the large product shift to ULIPs due to growing protection and improved productivity in Exide Life- Concerted efforts to grow lower tickets, support from the parent bank, un-elevated margin base and higher efficiency keep us assertive #KotakSecurities #Podcast #MarketUpdates #StockMarket #Stocks #weeklyfundamentalinsights