Weekly Outlook: Phoenix Mills among Top Stock Picks. FII Net Seller

Highlights of 16th January '23 Fundamental Weekly Podcast

- Both Nifty Index and Sensex gained around 0.5.

- BSE Midcap Index lost 0.08% while BSE SmallCap Index gained 0.14%

- Indian equity markets remained concerned about growth prospects, even as inflation continued its downward trajectory both globally and domestically.

- FII continues to be net seller to the tune of Rs. 17419 crore, till date in Jan’23

- PICK OF THE WEEK – Phoenix Mills - TARGET - Rs 1640

- Phoenix Mills has completed the acquisition of a 7.2 acre land parcel in Surat—the second largest city in the state of Gujarat.

- Management had highlighted in the 3QFY22 earnings call potential opportunities in Surat, which now adds another leg of growth after its acquisiti ...