Cap Goods sector's the real winner

With markets again coming back to its peak, we take a look at the sectors that have underperformed and outperformed the Sensex between June 15, when markets started recovering from May 11 crash, and Oct 13.

The sectors that have outperformed the Sensex are BSE Teck, IT, capital goods, BSE smallcap and BSE midcap. The Sensex gave a return of 24.61% during the period.

BSE Teck has gained maximum by giving 32.29% with Sterlite Optical contributing the most. It has given nearly 92% return. Sterlite is followed by Adlabs Films, Reliance Communication, Sasken Communication etc.

The second sector to gain was the IT sector by romping gains of 31.24%. I-Flex Solutions gained the most followed by Infosys, Financial Tech, and TCS.

Bankex has also outperformed the Sensex with Punjab National Bank giving the maximum return.

Capital Goods in one sector which has performed strongly in both the legs of rally. It has outperformed the Sensex by giving returns of 24.98% in this rally and  82.01% in the previous rally, which was between Nov 29, 2005- May 11, 2006 when the Sensex gave a return of 43.76%.

While the above-mentioned sectors have gained, there are sectors like BSE oil & gas, BSE PSU, BSE Pharma, BSE Consumer durables, BSE Auto, BSE Metal, and BSE FMCG that have underperformed in this leg of the rally. The following sectors have given returns of 22.06%, 21.88%, 20.77%, 20.51%, 20.5%, 18.09% and 17.49%, respectively.

But, interestingly, these sectors, except BSE PSU, pharma, were all outperformers in the first leg of rally. During that period returns from BSE oil & gas was 51.86%, consumer durable- 47.7%, auto-58.25%, metal-62.57% and FMCG -46.32%.

By-Piyu Sen