Weekly Fundamental Insights With Rini Mehta | 28th November 2022

Join Rini Mehta to get a fundamental perspective on the stock market for the week. Highlights of 28th November '22 Fundamental Weekly Podcast - Both Nifty Index and Sensex gained between 1 to 1.12%. - The Nifty-50 Index logged its new all-time high on a closing basis above 18,477. - FII continues to be net buyer to the tune of Rs 11,358 cr, till date in Nov’22. - FIIs flows are expected to remain volatile in the near term given due to geo-political concerns. - PICK OF THE WEEK – Info Edge (NAUKRI) - TARGET - Rs 4,900 - 2Q: buoyed once again by Naukri. INFOE reported 2QFY23 revenue growth of 51% YoY, 3% ahead of estimates driven by Naukri and 99acres segments. We trim our target multiple for Naukri to 40X as we bake in IT hiring uncertainty.