Weekly Fundamental Podcast With Rini Mehta | 23rd Jan 2023

Highlights of 23rd January '23 Fundamental Weekly Podcast: - Nifty Index gained 0.40%, while Sensex gained around 0.60% - BSE Midcap and BSE SmallCap Index underperformed - FII continues to be net seller to the tune of Rs. 19880 crore, till date in Jan’23 - Indian equity markets turned hopeful ahead of the upcoming Union Budget, while macro indicators continued to be weak - PICK OF THE WEEK – FEDERAL BANK - TARGET - Rs 160 - Federal Bank reported ~50% yoy earnings growth due to a 7% yoy decline in provisions and 40% yoy operating profit growth. - RoE, which is currently at a 9-year high at 16%, is partly driven by operating leverage and tailwinds from NIM expansion that would moderate from hereon.