Highlights of 3rd October '22 Fundamental Weekly Podcast

- The market recovery on Friday halted weekly losses to some extent. Correction in BSE midcap and BSE Smallcap index was a tad higher as compared with Sensex 30 and Nifty 50.

- The RBI monetary policy committee hiked the repo rate by 50 bps to 5.9%. - The RBI policy is on expected lines and inflation expectations are steady as in the last quarter is positive despite elevated.

- FPI’s remained sellers of Indian equities last week. Month till date, FIIs have been net sellers to the tune of Rs 18,038 cr.

- PICK OF THE WEEK – JK Paper (JKP) BUY TARGET - Rs 450. JK Paper reported strong performance (116% YoY). Strong operating performance and lower tax outgo led to 151% YoY and 55% QoQ growth in PAT to Rs 264 cr.