Thematic Baskets

Every listed Indian company sorted into a bucket you can actually think in — plus curated cross-sector baskets like defence, railways and EV. Each theme is scored nightly on returns, relative strength and breadth, then labelled trending, turning around, cooling or weak.

39 themes5,289 companiesComputed 18 Aug 2026
Right now

Where the market is rotating

Themes grouped by their current state. Relative strength is measured against DocStoX universe (5,289 companies).

Trending6

Leading the market over 1 and 3 months, with most members above their 200-day average.

+1 more below
Turning Around1

Still behind over 3 months, but the 1-month trend and short-term breadth have improved.

Cooling14

Ahead over 3 months, but the recent lead or short-term breadth has rolled over.

+9 more below
Weak15

Behind the market with none of the inputs improving.

+10 more below

3 themes are deliberately left unlabelled — fewer than half their members have the moving-average history the classifier needs, so a state label would be built on a minority of the bucket. Those themes still show their returns.

Theme rotation

Every theme ranked by its 3 months move, against DocStoX universe (5,289 companies). Computed 18 Aug 2026.

  1. 1Jewellery & Luxury98 companies+43.4%
  2. 2Electronics & EMS51 companies+27.8%
  3. 3Digital & Internet Platforms83 companies+21.7%
  4. 4Auto & Auto Components228 companies+18.0%
  5. 5Semiconductor & EMS6 companies+17.5%
  6. 6Telecom30 companies+15.8%
  7. 7Real Estate170 companies+15.7%
  8. 8Capital Goods & Engineering385 companies+15.6%
  9. 9Defence & Aerospace15 companies+13.6%
  10. 10Trading & Diversified351 companies · partial breadth+13.2%
  11. 11Hospitality & Travel123 companies+13.0%
  12. 12Packaging & Paper223 companies+12.8%
  13. 13Textiles & Apparel364 companies+12.3%
  14. 14EV Ecosystem10 companies+12.3%
  15. 15Specialty Chemicals263 companies+11.9%
  16. 16Pharma & Healthcare323 companies+10.7%
  17. 17AI & Data Centre10 companies+10.4%
  18. 18Electrical Equipment & T&D145 companies+10.0%
  19. 19NBFC & Lending443 companies · partial breadth+9.3%
  20. 20Logistics & Supply Chain106 companies+8.7%
  21. 21IT & AI Services317 companies+8.6%
  22. 22Private Banks29 companies+8.4%
  23. 23Pharma Majors13 companies+7.3%
  24. 24Capital Markets147 companies+6.8%
  25. 25Media & Entertainment129 companies+6.7%
  26. 26PSU Banks12 companies+6.4%
  27. 27Oil, Gas & Energy58 companies+4.4%
  28. 28Infrastructure & Capex194 companies+3.5%
  29. 29Cement & Building Materials128 companies+1.7%
  30. 30Agriculture & Food Processing348 companies+1.3%
  31. 31FMCG & Household112 companies+0.9%
  32. 32Metals & Mining260 companies-0.1%
  33. 33PSU16 companies-2.1%
  34. 34Consumer & Retail84 companies-2.3%
  35. 35Insurance13 companies-2.7%
  36. 36Power & Utilities62 companies-2.7%
  37. 37Railways11 companies-4.0%
  38. 38Green Energy & Transition11 companies-5.0%

Not ranked — no 3 months return could be computed: Not Yet Classified. These are shown with an em-dash rather than a zero.

Industry buckets

Every company, in one bucket

Derived from each company's reported industry, so the buckets are exhaustive — every listed name sits in exactly one, including the ones we haven't classified yet.

NBFC & Lending

+9.3%
1M +0.5%3M

Non-bank lenders, housing finance, microfinance and diversified financial-services companies — the credit engine outside the banking system.

LendingNBFCHousing finance
No label — Too few members have the price history needed to classify this theme honestly.30% breadth cover — Breadth is computed from 131 of 443 members (30%) — the rest lack the 200-day moving average this needs. Mostly BSE-listed names with short price history.
443companies
₹27.57L cr combined market cap

Capital Goods & Engineering

+15.6%
1M +6.3%3M

Industrial products, engineering, machinery, castings and shipbuilding — the capital-formation end of the market.

Capital goodsEngineeringIndustrial
Trending
385companies
₹23.40L cr combined market cap

Textiles & Apparel

+12.3%
1M -1.7%3M

Spinning, weaving, processing, garments, leather and footwear — India's largest employment-intensive manufacturing cluster.

TextilesApparelExport-linked
Cooling
364companies
₹3.64L cr combined market cap

Trading & Diversified

+13.2%
1M +1.3%3M

Trading houses, distributors and diversified business groups whose revenue spans several unrelated segments.

TradingDiversifiedDistribution
No label — Too few members have the price history needed to classify this theme honestly.40% breadth cover — Breadth is computed from 139 of 351 members (40%) — the rest lack the 200-day moving average this needs. Mostly BSE-listed names with short price history.
351companies
₹3.01L cr combined market cap

Agriculture & Food Processing

+1.3%
1M +0.4%3M

Agri products, packaged foods, sugar, dairy, seafood, fertilisers and agrochemicals — the farm-to-shelf chain.

AgriculturePackaged foodsAgrochemicals
Weak
348companies
₹12.19L cr combined market cap

Pharma & Healthcare

+10.7%
1M +3.2%3M

Formulators, API makers, hospitals, diagnostics and medical devices across domestic and export markets.

PharmaHospitalsHealthcare
Trending
323companies
₹35.69L cr combined market cap

IT & AI Services

+8.6%
1M +3.7%3M

Software services, IT-enabled services, product firms and BPO/KPO — the export-led technology services base.

IT servicesSoftwareExports
Cooling
317companies
₹29.60L cr combined market cap

Specialty Chemicals

+11.9%
1M +3.7%3M

Specialty and commodity chemicals, dyes, pigments, petrochemicals, industrial gases and paints.

ChemicalsSpecialtyPetrochemicals
Trending
263companies
₹12.69L cr combined market cap

Metals & Mining

-0.1%
1M +3.9%3M

Ferrous and non-ferrous metals, sponge iron, ferro alloys, minerals and metal trading.

MetalsSteelMining
Weak
260companies
₹28.29L cr combined market cap

Auto & Auto Components

+18.0%
1M +8.9%3M

Vehicle makers across passenger, commercial and two-wheeler segments, plus the component and tyre supply chain.

AutomobilesAuto componentsTyres
Trending
228companies
₹39.09L cr combined market cap

Packaging & Paper

+12.8%
1M +6.2%3M

Rigid and flexible packaging, industrial plastics, paper and forest products.

PackagingPaperPlastics
Cooling
223companies
₹2.73L cr combined market cap

Infrastructure & Capex

+3.5%
1M -3.5%3M

Civil construction, EPC, roads, ports, airports and water infrastructure — the direct beneficiaries of public capex.

InfrastructureConstructionPublic capex
Weak
194companies
₹15.40L cr combined market cap

Real Estate

+15.7%
1M -1.5%3M

Residential and commercial developers, real-estate services and leasing.

Real estateDevelopersCommercial
Cooling
170companies
₹7.57L cr combined market cap

Capital Markets

+6.8%
1M +1.1%3M

Brokers, asset managers, exchanges, depositories, registrars, rating agencies, wealth managers and holding companies.

BrokersAsset managementExchanges
Weak
147companies
₹18.99L cr combined market cap

Electrical Equipment & T&D

+10.0%
1M +4.1%3M

Electrical equipment, cables, transformers and transmission & distribution gear.

Electrical equipmentCablesTransmission
Cooling
145companies
₹20.14L cr combined market cap

Media & Entertainment

+6.7%
1M -0.1%3M

Film production, broadcasting, print, advertising, publishing and digital entertainment.

MediaBroadcastingAdvertising
Weak
129companies
₹1.36L cr combined market cap

Cement & Building Materials

+1.7%
1M -3.0%3M

Cement, ceramics, sanitaryware, plywood, laminates, tiles and home-building materials.

CementBuilding materialsCeramics
Weak
128companies
₹10.76L cr combined market cap

Hospitality & Travel

+13.0%
1M +3.7%3M

Hotels, resorts, restaurants, QSR, airlines, travel operators and leisure.

HotelsTravelRestaurants
Cooling
123companies
₹6.61L cr combined market cap

FMCG & Household

+0.9%
1M -0.2%3M

Packaged consumer goods, personal care, household products, beverages and tobacco.

FMCGPersonal careBeverages
Weak
112companies
₹18.46L cr combined market cap

Logistics & Supply Chain

+8.7%
1M +3.0%3M

Third-party logistics, shipping, road transport and integrated freight.

LogisticsShippingFreight
Cooling
106companies
₹2.10L cr combined market cap

Jewellery & Luxury

+43.4%
1M +7.8%3M

Jewellery retail and manufacture, gems, watches and luxury/leisure goods.

JewelleryGemsLuxury retail
Cooling
98companies
₹6.35L cr combined market cap

Consumer & Retail

-2.3%
1M +0.9%3M

Specialty and diversified retail, consumer durables and household appliances.

RetailConsumer durablesAppliances
Weak
84companies
₹8.55L cr combined market cap

Digital & Internet Platforms

+21.7%
1M +7.4%3M

E-commerce, fintech, edtech, online services and digital-first platform businesses.

E-commerceFintechInternet platforms
Cooling
83companies
₹11.16L cr combined market cap

Power & Utilities

-2.7%
1M -3.7%3M

Power generation, integrated utilities, distribution, trading and waste management.

Power generationUtilitiesDistribution
Weak
62companies
₹17.99L cr combined market cap

Oil, Gas & Energy

+4.4%
1M -1.0%3M

Refining and marketing, exploration and production, gas distribution, lubricants and coal.

Oil & gasRefiningGas distribution
Turning Around
58companies
₹33.48L cr combined market cap

Electronics & EMS

+27.8%
1M +4.6%3M

Electronics manufacturing services, IT hardware and consumer electronics.

ElectronicsEMSIT hardware
Cooling
51companies
₹2.47L cr combined market cap

Telecom

+15.8%
1M +0.4%3M

Telecom service providers, tower and fibre infrastructure, and network equipment.

TelecomNetwork infrastructureServices
Cooling
30companies
₹16.38L cr combined market cap

Private Banks

+8.4%
1M -2.7%3M

Private-sector banks, small finance banks and payment banks.

Private banksSmall finance banksLending
Cooling
29companies
₹35.84L cr combined market cap

Insurance

-2.7%
1M -1.4%3M

Life and general insurers and insurance distributors.

InsuranceLifeGeneral
Weak
13companies
₹12.05L cr combined market cap

PSU Banks

+6.4%
1M +3.1%3M

Public-sector banks.

PSUPublic sector banksLending
Weak
12companies
₹18.77L cr combined market cap

Not Yet Classified

—
1M —3M

Companies in the universe that carry no industry classification yet, plus any industry value the mapping has not seen. Shown as a real bucket so nothing silently disappears.

UnclassifiedPending classification
No label — Too few members have the price history needed to classify this theme honestly.0% breadth cover — Breadth is computed from 0 of 10 members (0%) — the rest lack the 200-day moving average this needs. Mostly BSE-listed names with short price history.
10companies
₹2,307 cr combined market cap
Curated baskets

Cross-cutting themes

Hand-picked lists that cut across industries — a defence name can be an engineering company, a shipbuilder or an electronics maker. Membership here is editorial, not measured.

PSU

-2.1%
1M -0.5%3M

Government-owned banks, energy, defence and infrastructure names that led the PSU re-rating.

PSUState-ownedCurated basket
Weak
16companies
₹37.41L cr combined market cap

Defence & Aerospace

+13.6%
1M +9.2%3M

Indian defence and aerospace stocks — public-sector and private manufacturers riding the indigenisation and defence-capex push.

DefenceAerospacePSU
Trending
15companies
₹11.61L cr combined market cap

Pharma Majors

+7.3%
1M +2.8%3M

Large-cap formulators, API makers and CDMO names — a curated basket, distinct from the exhaustive Pharma & Healthcare bucket.

PharmaLarge-capCurated basket
Weak
13companies
₹17.64L cr combined market cap

Railways

-4.0%
1M -0.3%3M

Rolling stock, railway financing, construction and ticketing names leveraged to record railway capital expenditure.

RailwaysRolling stockPSU
Weak
11companies
₹3.12L cr combined market cap

Green Energy & Transition

-5.0%
1M -4.8%3M

Solar, wind, green-power financing and EPC names powering the energy transition.

RenewablesSolarWind
Weak
11companies
₹7.72L cr combined market cap

EV Ecosystem

+12.3%
1M +0.8%3M

Electric-vehicle OEMs, battery, charging and component makers exposed to India's EV adoption curve.

EVBatteriesAuto components
Cooling
10companies
₹8.31L cr combined market cap

AI & Data Centre

+10.4%
1M +7.9%3M

IT majors, GPU and data-centre infrastructure and analytics names with the clearest AI tailwind.

IT servicesAIData centre
Cooling
10companies
₹20.57L cr combined market cap

Semiconductor & EMS

+17.5%
1M +2.1%3M

Fabrication, ATMP, EMS and chip-design-adjacent names under the India Semiconductor Mission.

SemiconductorsEMSElectronics
Trending
6companies
₹3.12L cr combined market cap

How these numbers are built

The benchmark is our own universe
Relative strength compares a theme with DocStoX universe (5,289 companies). We do not hold index history, so nothing here is a comparison against NIFTY.
Two weightings, both shown
The headline is market-cap weighted with a 12% ceiling per company. The equal-weighted figure sits beside it — when the two diverge, the move is narrow.
Breadth has its own denominator
Only members with enough price history to carry a 200-day average count towards breadth. Below half a theme's members, we show the coverage and withhold the state label.
Blank means unknown, never zero
A dash is a metric we could not compute — a missing 1-year return, for example, where a theme's members have less than a year of listed price history.

Themes are informational groupings, not recommendations or a portfolio. This is not investment advice — consult a SEBI-registered adviser before investing.

Thematic Baskets — Indian Stock Themes & Rotation | DocStoX