Weekly Fundamental Podcast With Rini Mehta | 16th Jan 2023
Episode notes
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 acquisition in Kolkata and brownfield expansion (Project Rise) at High Street Phoenix in Mumbai.