The Nifty Media index has given a negative return this year, down about 4.5%, while the benchmark index, Nifty50, rose about 6 percent during the same period. In the last five calendar years, Nifty Media ended in red four times. The only year it ended positively was 2021, when it gained about 35 percent but also outperformed Nifty50, which also saw a surge of about 24 percent. In 2022, 6 out of 10 Nifty Media stocks have given negative returns to their investors (Data Source: ACE Equity). Take a look:
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,