Weekly Fundamental Podcast With Rini Mehta | 6th March 2023

- Sensex 30 and Nifty 50 index ended the week with positive returns. - BSE Midcap and BSE Smallcap index gave positive returns between 1-2%. - Q3FY23 GDP growth stood at 4.4%, while January 2023 GST collected in February 2023 grew by 12% over same period last year. - Euro zone inflation for February 2023 came in at 8.5%. - FII continues to be net buyer to the tune of Rs.12,592 crore, till date in March’23. - PICK OF THE WEEK – FEDERAL BANK TARGET - Rs 160 - The underlying macro conditions continue to remain favorable, which would result in headline return ratios improving further. - This could result in our earnings to be upgraded but ability to sustain these higher ratios could result in the stock trading at higher multiples as well. - Maintain BUY with an unchanged FV 160. #KotakSecurities #FundamentalPodcast #BSE #NSE #Sensex #Nifty #BSEMidcap #BSESmallcap #PickOfTheWeek #POW #FederalBank #BankStocks