Eight Commodity Stocks Hit Highs as Sensex Slides
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- Sensex fell 122 points to close at 77,988 on Thursday, indicating a broader market decline.
- Eight BSE commodities stocks reached new 52‑week highs, marking their strongest performance in a year.
- Gujarat Alkalies And Chemicals hit a 52‑week high of Rs 700 (CMP Rs 692.5) and rose about 65% in the past month.
- Gujarat Mineral Development Corporation hit a 52‑week high of Rs 747 (CMP Rs 747) and rose about 41% in the past month.
- Indian Metals & Ferro Alloys hit a 52‑week high of Rs 1,573.55 (CMP Rs 1,571) and rose about 33% in the past month.
- Steel Authority Of India hit a 52‑week high of Rs 172.05 (CMP Rs 171.55) and rose about 18% in the past month.
Why it matters: Investors in the eight commodity stocks benefit from sizable price gains—some up 65% in a month—while the broader Sensex slipped 122 points, underscoring a sector‑specific rally that outpaces the overall market decline and may draw capital away from lagging indices.
