March quarter results reveal mixed performance across sectors. Banking and IT experienced muted profit growth, while pharma demonstrated strong revenue and profit increases. Automobiles saw sales volume gains but margin pressures. Cement benefited from rural demand, but overall margins slightly decreased. Consumer sector showed growth, but short-term profitability is expected to remain subdued.
Mid and smallcap earnings to outshine Nifty 50 despite valuation concerns: Manish Sonthalia
Manish Sonthalia of Emkay Investment Managers suggests buying on dips in the current market, supported by earnings, macros, and global flows. He favors public sector