Highlights of 25th July ’22 Fundamental Weekly Podcast

- Equities witnessed strong rally this week with benchmark indices like BSE-30 and Nifty-50 index posting returns of ~4%.

- Markets are likely to track the upcoming Fed Reserve meet, currency movement and quarterly results.

- FIIs continue to remain net seller to the tune of Rs 6,421.84 crore till date in the month of July till date.

- FPI flows likely to remain volatile.

- Weekly pick: ICICI Prudential Life Insurance Company - The company reported 32% growth in VNB on the back of 25% growth in APE in 1QFY23, supported by a favorable base.

- Other picks: PVR - The company’s 1QFY23 EBITDA surpassed 1QFY20 levels on the back of 93% recovery in footfalls, 23%/32% growth in ATP/SPH, 2% lower fixed costs/screen.