Does sector-picking trump stock-picking?

What do Agrochemicals, Food Products and Household Appliances have in common? What do Telecom Services, Oil Exploration & Production and Electric Utilities have in common? The first set is three of the best performing sectors in India in terms of stock market returns over the last ten years. The second set, you guessed it, is three of the worst performing sectors for stock market investors. Chart shows the top 10 best and worst performing sectors in India in terms of investor returns from 2008 to 2018 Note that cumulative returns here mean median of CAGR returns within each sector Does this

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The most profitable industries in India

If you were to guess which are the most profitable industries in India on a PBITDA basis, what would your top 3 guesses be? How about the least profitable industries? Chances are you didn’t guess Marine Port & Services, Roads & Highways and Mining for the former and Commercial vehicles, Storage Media & Peripherals for the latter. Chart shows the top 10 most PBITDA profitable industries in India as of the last financial year. It also shows the PBITDA for the period 2012 to 2016 for comparison as well as the most profitable industry in each sector. Note that sectors with aggregate

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