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.
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,