Sectoral indices clock high returns

Updated: Jan 1 2006, 11:05am hrs
In the last one year though the broad based Sensex has delivered returns in excess of 38% there have been sectoral indices that have even outperformed it.

The BSE Consumer Durable index has risen by a steep 114.34% in the last one year on the back of high disposable income, favourable demographic profile and easy lending schemes by banks at relatively lower interest rates.

The favourite in this sector has been Titan Industries, which has shown a relentless rally with a price rise of almost 351%.

On the other hand, the BSE Capital Goods index grew 89.25%. Here the scrips leading the pack were Praj Industries, Gammon, BEML and Siemens.

The FMCG sector, which was out-of-flavour for a very long time, came in as the third best with a rise of 51.58% with Dabur, Tata Tea, Nestle, P & G and Colgate, being the best bets in this index.

BSE Auto came a close fourth with a change of 48.25% in the last one year, Bajaj Auto, Bharat Forge and Mahindra & Mahindra among the top five performers, closely followed by BSE IT.

During 2005, Tata Consultancy Services (TCS) became the country's first IT company to cross the $2 billion mark in revenues and net profit of $500 million. Satyam Computers topped the BSE Teck index with a rise of almost 76% in the last one year. Satyam also figures among the top five performers in the Sensex at the fourth position.

The laggards were BSE Metal and BSE Healthcare with a marginal growth in excess of 1%. In the BSE Healthcare index Ranbaxy took a major hit with its weakening business fundamentals. It also lost the patents case against Pfizer in the US.

On the IPO front, this year saw the highest collection ever of Rs 22158.51 crore. The biggest offers saw the energy major Suzlon Energy making its debut on the bourses at a premium of 36% over its issue price. Its market capitalisation stood at a hefty Rs 14664 crore on day one.

Among others, which gave the best returns, Gateway Distriparks, IDFC and Shoppers Stop top the charts with 280%, 108% and 90% returns respectively.