Weekly Fundamental Podcast With Rini Mehta | 19th Dec 2022

Highlights of 19th December '22 Fundamental Weekly Podcast:- Nifty and Sensex were weak during the week and lost around 1% each.- BSE Midcap Index lost 1.2% while SmallCap gained 0.2%.- Global equity markets witnessed a large increase in volatility as global central banks reiterated their intent to keep policy rates high for an extended period to quell elevated inflation in their respective economies.- PICK OF THE WEEK – CARBORANDUM UNIVERSAL - TARGET - Rs 975- Firmly in fertile zone- Linked growth benefits have started playing out in small quantum.- We increased the FV by 8% to Rs975 on ~3% higher estimates, 1X higher multiple and roll-forward to 30X Dec-2024E EPS-based FV.