Highlights of 12th December '22 Fundamental Weekly Podcast

- BSE Sensex, Nifty 50, BSE Midcap and BSE Smallcap ended the week in the red. - BSE IT, BSE Healthcare and BSE Power indices reported sharp decline this week

. - BSE FMGC, BSE Capital Goods and BSE Bankex saw marginal gains.

- FII continues to be net seller to the tune of Rs 5,657 cr, till date in Dec’22.

- The government’s weak fiscal position is likely to limit a meaningful increase in government spending in FY2024.

- PICK OF THE WEEK – PVR - TARGET - Rs 2200

- PVR’s 2QFY23 was a washout quarter with a 28% qoq decline in footfalls and pre-Ind AS 116 EBITDA loss of Rs21 mn (KIE: +Rs151 mn).

- The PVR-INOX merger is on track and merger synergies can potentially drive a 15% EBITDA upside.