New Delhi: 2021 has been a topsy-turvy ride for most sectors in India. From a complete lockdown of several weeks to making a quick turnaround, several sectors definitely performed way better than others in the ongoing year.
While we’re now stating at a new year, it could be the right time to recall the top-performing sectors in 2021 to better decide investments for 2022.
Here’s the list of the top 5 performing sectors in 2021:
The increasing demand for metals isn’t a secret anymore, and firms in the sector have made decent gains in 2021. For instance, BSE Metal has jumped about 65% in 2021, while BSE Sensex gained just about 19% year-to-date.
Firms such as Tata Steel, APL Apollo Tubes, Vedanta, and JSW Steel, among others, were among the top gainers in the metal sector in 2021.
Since the onset of the pandemic, the Information Technology (IT) sector has been on the rise. While top IT firms such as TCS, Wipro, Infosys and HCL Tech had a decent 2021, companies such as Majesco, Happiest Minds Technologies and Brightcom Group by manifold were the major gainers in the IT industry.
BSE realty index has jumped by 51.38% year-to-date, in comparison to about 19% jump of the benchmark S&P BSE Sensex Index. Firms such as Indiabulls Real Estate, DLF, Mahindra Lifespace Developers and Sobha were the top gainers, buoyed by the low-interest rate on home loans offered by public and private lenders in India.
Chemicals is one of the sectors in India that made decent advancements in 2021. Firms such as Deepak Nitrate, Balaji Amines, and Gujarat Fluorochemicals, among others, saw their valuations jumping over 2x in 2021, indicating how well the year has been for the chemicals industry.
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Currently, India is the fourth largest consumer of energy in the world. With the rising demand for electricity, the Power sector has remained one of the most successful sectors in India.
Moreover, the government allowing 100% FDIs in the power sector has given it a further boost, easing the entry of international players. So far in 2021, the S&P BSE Power Index has jumped by 67%, beating the S&P BSE Index by quite a margin. Major gainers in 2021 were Adani Transmission, Indian Energy Exchange (IEX), Adani Power and Tata Power Company, among others.