Swiss multinational is now a distant second in the country's cement market, behind Ultratech
The stock has gained 43% YTD against 20% jump in RIL and 15% fall in Voda Idea
Analysts, however, see the fall in iron ore prices a lead indicator and expect steel prices to decline soon
Business Standard tracks these indicators on a weekly basis to get a current sense of how the economy is doing
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
Power generation and freight growth slow down
Large part of gains in two years accrued to top companies in metals, IT, pharma and realty
Investor must retain at least 51% stake to take the benefit
Power generation & traffic point to limited activity than before
Their revenue share in listed space declined to record low of 27.2% in Q1FY22
Comes in the backdrop of 0.7% growth in India's annualised GDP at current price
Telecom, airline businesses continue to remain a drag for holding company
Adani Group is also planning to invest in new ports, airports, and logistics capacities by participating in the government's divestment programmes
Its stock price has risen 13.4% this month, against 2.1% fall in BSE Auto index
M-cap of top retail NBFCs has risen 19.4% in 2021, against 17.2% rise in Sensex and 12.8% rally in BSE Bankex
Other indicators show strengthening revival
Sequentially, combined net profit down 12.4%, net sales by 7.8%
Here's an insight into the June quarter performance of some of India's key sectors and companies therein
The m-cap of four listed arms is now equivalent to 82 per cent of the parent company's valuation
Sensex is up 3.7% this month, while mid-, small-cap indices are down 1.4% and 2.7%, respectively