Are banks more prone to interest rate cycle or is it manufacturing business which is more vulnerable to higher interest rates. A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all.
The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder.
. Read more on economictimes.indiatimes.com