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Podcast: Kotak Market Mantra
Episode: Weekly Fundamental Podcast by Rini Mehta | 30th Oct 2023
Description: Highlights of 30th October Fundamental Weekly Podcast:- Both Nifty and Sensex declined ~2.5%- The sell-off was more intense in smaller companies, with Nifty Midcap Index declining 3% and BSE Smallcap Index declining 2%- FIIs continue to be a net cash seller to the tune of Rs.25,098.6 crores, to date in Oct’23.- PICK OF THE WEEK – TCS - TARGET - Rs 3760- TCS reported weak qoq growth of 0.1% in c/c, a tad lower than expectations. - The near-term outlook is weak and disappointing but does not dent hopes for a better FY2025.- We broadly maintain EPS estimates and cut...