Weekly Fundamental Insights With Rini Mehta | 29th August 2022

Get a fundamental perspective on the week with Rini Mehta.

Highlights of 29th August ’22 Fundamental Weekly Podcast

- The Nifty Index declined 0.9% in the past week.

- Sectors such as IT services, metals and oil, gas & consumable fuels were the top losers, while capital good sector witnessed gains.

- At Jackson Hole Symposium, Mr. Powell said that the Fed is going to remain hawkish much longer than people had anticipated.

- Month till date, FIIs have been net buyers to the tune of Rs.18,421 cr mainly on account of improvement in corporate and macro fundamentals.

- FPI flows to remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks.

-The emergence of a rare, new viral Infection-Tomato Flu- afflicting young children has prompted health authorities in India to issue a health advisory.

- Pick of the week – SIS Ltd. SIS posted an EBITDA margin of 4.5%, which was 40 bps ahead of the estimate with India security business up 2.1% QoQ indicating growth revival

- Other Picks- Mahindra & Mahindra Ltd (M&M): Buy target : Rs 1,450. The co. targets to reach 20-25% of EV mix in its UV portfolio by 2027 and to embark upon a growth journey from consolidation phase along with prudent capital management.