Weekly Fundamental Podcast With Rini Mehta | 5th 2022

Highlights of 5th December '22 Fundamental Weekly Podcast - Nifty Index and Sensex gained around 0.99% in the past week creating all-time high. - BSE Midcap Index and BSE SmallCap Index gained more than 1.50%. - Steady softening of global bond yields on expectations of ‘peak’ inflation and a decline in crude prices helped equity markets continue the momentum. - FII’s turned net buyer in the month of November to the tune of Rs22,546 cr. - FIIs flows are expected to remain volatile in the near term. - PICK OF THE WEEK – Zomato - TARGET - Rs 100 - Prosus, an investor in Swiggy, disclosed some data points on Swiggy’s 1HCY22 operating performance. - Zomato seems to have captured incremental market share against Swiggy. - We remain positive on Zomato with an FV of Rs100.