Join Rini Mehta to get a fundamental perspective on the trading week.
Weekly outlook: Jubilant FoodWorks Among Top Picks, FIIs Remains Net Seller
Highlights of 27 June ’22 Fundamental Weekly Podcast
- Domestic equity markets ended with positive returns in the past week. Auto sector led the recovery amid softening in commodity prices.
- Correction in crude oil prices from recent peak and softening in commodity prices offered some relief to the markets in an otherwise high global inflation environment.
- Equity markets in the near term are expected to continue reacting to news related to inflation, monetary policy and commodity price movement.
- FII flows continue to remain net sellers in the month of June till date to the tune of Rs. 53,600 crore.
- We expect FPI flows to remain volatile in the emerging markets.
- Weekly pick: Jubilant FoodWorks: The company's 4Q print was a tad soft on expected lines whereas guidance of 250 new Domino’s stores in FY2023E was ahead of expectations.
- Other picks: Sapphire Foods - We expect the company to be one of the fastest-growing QSR chains in India over the next 2-3 years.