Weekly Fundamental Insights With Rini Mehta | 6th June 2022

Weekly outlook: United Spirits Among Top Picks, FPI Flows To Remain VolatileHighlights of 6 June ’22 Fundamental Weekly Podcast- Domestic markets have remained erratic in the past week with Sensex ginning 2.24% and Nifty50 gaining 1.95%.- On the economy front, (1) Q4FY22 real GDP growth slowed to 4.1% (Q3FY22: 5.4%).- The RBI has projected Q1FY23 inflation at 6.3% which is clearly now subject to modification in the upcoming June MPC meet.- Major central banks, including the Fed, signals cumulative rate hikes of about 2%-2.5%.- In US, investors will be looking ahead to the release of U.S. jobs data for May expected today. - FII flows continue to remain net sellers in the month of June till date to the tune of Rs. 2,382 crore. FPI flows to remain volatile in the emerging markets.- Weekly pick: United Spirits - The company reported 5%/9% year-on-year (YoY) growth in volume/value (3 year CAGR -0.6%/+3%), in line with expectations.- Other picks: Jubilant Foodworks - The company has selected Sameer Khetarpal from Amazon India (ex-McKinsey) to be the next MD & CEO, starting Sep 2022.