Weekly Fundamental Podcast With R...
Weekly Fundamental Podcast With Rini Mehta | 27th Feb 2023

Kotak Market Mantra by Kotak Securities

Episode notes

Highlights of 27th February Fundamental Weekly Podcast:

- Nifty-50 and BSE Sensex fell ~2.5%.

- Indian markets saw broad based correction with decline in major key indices.

- BSE Midcap and the BSE Smallcap index declined between 1.5-2%.

- BSE Realty, BSE Commodities and BSE Power index witnessed fall in excess of 3%.

- The US 10-year treasury yield has inched up to 3.9%.

- FII continues to be net seller to the tune of Rs. 3038 crore, till date in Feb’23.

- PICK OF THE WEEK – PI INDS TARGET - Rs 3550

- PI managed to offset somewhat lower-than-expected revenues in 3QFY23, with significantly improved margins, which drove another solid quarter of earnings.

- The strong growth outlook for pyroxasulfone is a key nearterm tailwind.

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