Weekly Fundamental Insights With Rini Mehta | 11th July 2022

Get a fundamental perspective on the trading week with Rini Mehta.- Equities continued the past week’s recovery trend on increasing hopes of ‘peaking inflation’ with both Sensex & Nifty Index gained 2.75%.- On the economy front, GST collections for May came in at Rs 1.44 trillion.- Manufacturing PMI declined from 54.6 in May 2022 to 53.9 in June 2022, while services PMI increased from 58.9 in May to 59.2 in June.- FIIs continued to be a net sellers till date in the month of July’22 to the tune of Rs 4,543 crore.- Inflation would be a key driver to watch out for in the near term.- Weekly pick: Tech Mahindra - The company’s annual report highlights improvement in margins of certain acquired entities such as Pininfarina that were a drag in the earlier year.- Other picks: Axis Bank - The company's corporate portfolio is nearing peak profitability while retail is showing improvement in asset quality.