Metal has emerged as the most successful sector in terms of growth and return yielded this year.
Metal has emerged as the most successful sector in terms of growth and return yielded this year. With 70 per cent gain clocked by this sector as on December 30, 2021, metal has emerged as leading sector that led the bull rally in the Indian equity market.
Other three sectors that featured in Zee Business Stock Award 2021 are IT with 60 per cent jump, real estate that surged 56.6% and the PSU Bank, which gained 45% in the past one year till December 30.
On December 31 around 2.11pm, Nifty metal gained 69.7%, Nifty IT 60%, Nifty Realty 54.4% and Nifty PSU Bank 44.6%.
Speaking about sectoral performance this year, Manoj Dalmia, Founder and Director, Proficient equities Private limited, said, “Sectors like Metal, pharma have become sluggish and this can be seen as a good opportunity to accumulate value stocks. Investors can consider sectors such as real estate, PSU banks and futuristic companies and platforms.”
From metal Space (Nifty metal), Adani Enterprises Limited, Nalco and APL Apollo Tubes. Adani Enterprises Limited clocked more than 250% in one year, while Nalco and APL Apollo yielded 133 and 125 per cent return respectively.
Top three stocks that made maximum profit for their shareholders from Nifty IT space were Mindtree, L&T Technology Services and Mphasis. These stocks garnered over 180%, nearly 140%, more than 120 and 115 per cent respectively.
Sobha Limited (113%), Brigade Enterprise (98%) and Indiabulls Real Estate (93%) were the top performing stocks from this space.
In the PSU Bank, Shares of Indian Overseas bank surged 91%, State Bank of India jumped 67% and Indian Bank scaled 63% in the past one year. It is to be noted that the return has been calculated based on two separate data –one till December 30 and another as on December 31, 2021.
“Metals, IT and Real Estate sectors have done well in 2021, and I believe they might continue to do well however, specialty chemical chemicals, mid-cap IT stocks along with auto-ancillary stocks might do well and generate good returns in 2022,” said Gaurav Garg, Head of Research at CapitalVia Global Research
