Weekly Fundamental Podcast by Rini Mehta | 4th Sept 2023

Highlights of 4th September Fundamental Weekly Podcast:- BSE-30 and NSE-50 gave weekly return of close to 1% while Indian mid-cap and small-cap indices outperformed the large-cap index.- 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. 20,621 crores, to date in Aug'23.- India's real GDP growth in Q1FY24 came in at 7.8%.- PICK OF THE WEEK – Cyient - TARGET - Rs 1950- We initiate coverage on with a BUY rating and SoT P based Fair Value of Rs1,950 (~19% upside).- We forecast c/c organic revenue CAGR of 10.1% over FY2023- 26E for DET as compared to 9.4% from FY2021- 23.- Valuations are reasonable at 19X FY2025E PE and at ~40- 60% discount to peers.#KotakSecurities #WeeklyFundamentalInsights #WeeklyOutlook #StockMarket #StockMarketIndia #Stocks #Trading #Investing #Cyient