Ambit Asset Management believes PMS will beat mutual funds soon. Concentrated portfolios can better capture alpha. Only select companies will show high earnings growth. Consumption stocks may rise with tax breaks and rural recovery. Good monsoon may boost rural demand. Earnings have been in line, but expectations were muted. High single-digit earnings growth is expected from Q3 onwards.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires