The Silent Outperformer in a Weak Market

A Sector Defying the Correction—Backed by Government Spending and Strong Fundamentals

In this ongoing market correction, there’s one “overlooked” sector that has stood out (and been going strong), especially in the past couple of weeks. This sector is a direct beneficiary of the government’s Rs 11.21 lakh crore capital expenditure allocation announced in the Union Budget.

Up until Q3 of FY25 i.e. the ongoing financial year, the government had gone terribly slow on capex, primarily owing to the election year. But this is expected to change in Q4, and the benefits likely to accrue to this sector.

During the past week when the Nifty 50 fell by half a percent, this sector had gained 5%. The sector I am referring to is . . .