Weekly Fundamental Podcast With Rini Mehta | 2nd Jan 2023

Highlights of 2nd January '23 Fundamental Weekly Podcast: - Sensex & Nifty were up by around 1.75%. - Sector-wise, metals, banks, Auto, IT, Consumer Durable and oil & gas were the major gainers, while Pharma was the top loser. - FII continues to be net seller to the tune of Rs 14,231.cr, till date in Dec’22. - The resurgence of Covid cases in China and other parts of the world brought back worries of an economic slowdown. - FIIs flows expected to remain volatile. - PICK OF THE WEEK – PCBL - TARGET - Rs 180 - PCBL is India's largest and the 7th largest (as per management) carbon black producer globally. - PCBL is well placed to capitalize the market opportunities, both in export as well as domestic market. - We initiate coverage on PCBL with a BUY rating and a target price of Rs180, valuing at 10x FY25E earnings. #WeeklyFundamental #StockMarket #StockMarketIndia #MarketUpdates #KotakSecurities #Sensex #Nifty #BSE #NSE