The markets are in consolidation mode and the Sensex is down nearly 700 points but some sectors have quietly pocketing gains. Five sectors have outperformed the rest of the market in today’s trading session. These include Fertilisers, Shipping, Non-Ferrous Metals, Alcoholic Beverages, and transport. From policy tailwinds to seasonal demand, each has its own story to tell.
Let’s take a look into the key players from each of these booming sectors and see what fuelled their recent rally – both in today’s intraday session and over the past month. We’ve compiled by analysing stock market statistics at FinancialExpress.com.
Big movers sector-wise in trade today
Here’s how the top five sectors performed in today’s trading session, based on market cap movement. The fertilisers sector gained 3.3% and Shipping rose 3.08%. Similarly, Metals – Non-Ferrous moved up 2.24%, Beverages – Alcoholic added 1.96%, and Transport inched higher by 1.54%.
Let’s take a look at the stock performance of each of the list of sector specific stocks –
Fertilisers
The fertiliser sector is blooming this season. Stocks in this segment were among the top intraday gainers today.
National Fertilizers jumped 9.14%, followed by Rashtriya Chemicals and Fertilizers which surged 7.05%. Gujarat State Fertilizer & Chemicals climbed 4.97%, while Mangalore Chemicals and Deepak Fertilisers rose 4.57% and 4.39%, respectively.
Over the last one month, this momentum has been even more pronounced. National Fertilizers has gained 25.24%, Mangalore Chemicals 23.79%, Paradeep Phosphates 21.28%, Deepak Fertilisers 19.16%, and EID Parry 18.57%.
Shipping
The shipping sector has been sailing smoothly. In today’s session, Cochin Shipyard rose 5.79%, while Shipping Corporation of India moved up 2.39%. Mazagon Dock Shipbuilders added 1.99%, and Great Eastern Shipping posted a marginal gain of 0.19%.
The shipping sector has charted a course over the past month, with Cochin Shipyard leading the gains at 30.98%. Shipping Corporation of India followed with a rise of 15.96%, while Mazagon Dock Shipbuilders climbed 11.06%. Great Eastern Shipping Company also added to the sector’s upward momentum with a gain of 4.98%.
Non-Ferrous Metals
Today, Indian Metals & Ferro Alloys surged 8.84%. Hindustan Zinc rose 4.38%, Ram Ratna Wires advanced 2.32%, and National Aluminium Company and Precision Wires gained 1.36 and 1%, respectively.
The monthly leaderboard is even more healthy. Precision Wires India has delivered a solid 36.90% return. Ram Ratna Wires gained 27.29%, followed by Indian Metals & Ferro Alloys at 17.36%. Hindustan Copper rose 15.37%, and NALCO gained 13.93%.
Alcoholic Beverages
The alcohol companies have rallied steadily over the past few weeks. In today’s trade, Globus Spirits gained 5.17%, followed by Radico Khaitan at 4.42%. United Spirits added 2.47%, while G M Breweries rose 1.15%.
In the past one month, Allied Blenders & Distillers led the rally with a 25.41% jump. Tilaknagar Industries followed with a 23.99% gain. G M Breweries and Radico Khaitan added 7.35% and 4.97%, respectively.
Transport
Though not as flashy as the other sectors, transport sector stocks have seen a steady climb, supported by strong logistics activity and government focus on infra development under the PM Gati Shakti initiative.
The sector saw a 1.54% rise in sectoral market cap today.