Weekly Fundamental Podcast by Rini Mehta | 23rd January 2024

Highlights of 23rd January Fundamental Weekly Podcast:- The Nifty-50 Index touched all-time high on Monday and went downhill to close 1.47% down on week to week basis.- Weak results of Nifty-50 companies in the past week weighed on investor sentiment.- On the economy front, December CPI inflation came in at 5.7% compared to 5.6% in November.- Flls continue to be a net cash seller to the tune of Rs.23584 crores, to date in Jan'24.- PICK OF THE WEEK – Indus INds Bank - TARGET - Rs 1800- 11B reported 17% YoY earnings growth, led by ~9% YoY operating profits growth and 12% YoY decline in provisions. - NIM was stable QoQ at 4.3%, loan growth was solid at -20% YoY and asset quality wasbroadly unchanged QoQ, though slippages were marginally higher. - The bank continues to invest in the franchise, leading to elevated cost ratios.#KotakSecurities #FundamentalPodcast #WeeklyInsights #MarketInsights #Equity #PickOfTheWeek #Sula #StockMarkets #Trading #Investing