Themes Named themes matched on what each company files, the exchange’s own thematic groups, and themes derived automatically from the language of recent filings.
Named themes matched on evidence, strongest first A solid chip means the company files a segment in this area, which is its own audited accounting. A hollow one matched on its industry classification, and a faint one on its name alone, which is the weakest evidence there is. Hover any chip for which applied.
Data centres1 company · 1 by filed segment Colocation, hyperscale build-out and the power and cooling that goes with it.
Semiconductors4 companies · 4 by filed segment Fabrication, assembly and test, and the equipment and materials feeding them.
Solar11 companies · 2 by filed segment Cells and modules, engineering and construction, and independent generation.
Electric vehicles2 companies · 1 by filed segment Vehicles, the components specific to them, and the charging they need.
Energy storage1 company · 1 by filed segment Cells, packs, and grid-scale storage as a reported line of business.
Defence3 companies Platforms, sub-systems and ordnance supplied to the armed forces.
Railways1 company Rolling stock, signalling, track and the wagons that run on it.
Membership describes what a company does, not what its shares are worth. A theme is not a recommendation and this site does not make any.
Exchange thematic indices Groups of companies the exchange itself puts together — defence, public sector, manufacturing, and so on. Membership is NSE’s, not ours: the tempting way to build this page is to match company names against keywords, and that reliably files the wrong companies under the most exciting labels.
Every theme is scored by the median return of its members, never the average. One member up 300% drags an average high enough to make a dead theme look alive, and a themes page is exactly where that illusion gets sold. The median tells you what the typical member did.
Working right now strongest median one-month return
Every theme median member return by window members are theme constituents that also clear this site’s liquidity floor, so counts can be lower than the published index
Cross-sector themes built from what companies said in their own filings These are not exchange indices. A company appears in a theme because it reports a business segment matching it — the strongest evidence there is, since the company named that segment itself — or because several of its recent exchange filings mention it. Company names are never matched, which is how a paint maker ends up filed under Defence elsewhere.
Defence & aerospace 5 companies · median 1-month +8.0% · 0 qualify on a reported segment Order-book businesses whose customer is ultimately the state.
Company and why it is here 1 month 3 months Evidence
GOODLUCK · 3 recent exchange filings mention it +19.0% +17.3% mentions PARAS · 3 recent exchange filings mention it +13.5% +31.1% mentions SWANDEF · 12 recent exchange filings mention it +8.0% +33.3% mentions MAZDOCK · 4 recent exchange filings mention it -6.6% -2.3% mentions LLOYDSENGG · 2 recent exchange filings mention it -12.8% +12.9% mentions Hospitals & diagnostics 8 companies · median 1-month +2.8% · 5 qualify on a reported segment Care delivery rather than drug manufacture.
Company and why it is here 1 month 3 months Evidence
YATHARTH · 2 recent exchange filings mention it +12.5% +17.8% mentions KMCSHIL · 2 recent exchange filings mention it +11.0% +15.9% mentions UNITECH · reports a “Hospitality” segment, 6% of revenue +3.9% -12.3% filing TTKHLTCARE · reports a “Medical Devices” segment, 13% of revenue +2.8% +29.2% filing THOMASCOOK · reports a “(c) Leisure hospitality & resorts business” segment, 8% of revenue +1.2% -0.2% filing VENTIVE · reports a “Hospitality” segment, 76% of revenue -3.7% -12.8% filing THYROCARE · reports a “Diagnostic Testing Services” segment, 94% of revenue -13.3% +4.1% filing ASARFI · 4 recent exchange filings mention it -15.8% -13.2% mentions Semiconductors & electronics 3 companies · median 1-month +2.5% · 0 qualify on a reported segment Fabs, assembly and test, and electronics manufacturing services.
Company and why it is here 1 month 3 months Evidence
CGPOWER · 2 recent exchange filings mention it +3.0% -2.2% mentions EMSLIMITED · 3 recent exchange filings mention it +2.5% +26.9% mentions MOSCHIP · 2 recent exchange filings mention it +0.7% -3.0% mentions Logistics & warehousing 9 companies · median 1-month -0.2% · 7 qualify on a reported segment Moving and storing goods, including the express and quick-commerce layer.
Company and why it is here 1 month 3 months Evidence
TEXRAIL · reports a “Freight Car Division” segment, 69% of revenue +9.3% +10.6% filing TITAGARH · reports a “Freight Rail System” segment, 66% of revenue +3.1% -0.1% filing RITCO · 2 recent exchange filings mention it +1.1% +18.5% mentions SWIGGY · reports a “Supply chain and distribution” segment, 47% of revenue -0.1% +8.5% filing TVSSCS · reports a “Integrated Supply Chain Solutions” segment, 72% of revenue -0.2% -4.4% filing SINDHUTRAD · reports a “Transportations, Logistics, Mining & Construction” segment, 76% of revenue -1.6% -5.1% filing MAHLOG · reports a “Supply Chain Management” segment, 94% of revenue -1.7% +14.9% filing TCI · reports a “Freight Division” segment, 45% of revenue -6.2% -9.7% filing DJML · 2 recent exchange filings mention it -21.1% -28.7% mentions Gold & precious metals 5 companies · median 1-month -1.5% · 2 qualify on a reported segment Miners, refiners, jewellery retail and gold-backed lending.
Company and why it is here 1 month 3 months Evidence
DECNGOLD · 4 recent exchange filings mention it +2.5% +17.3% mentions SKYGOLD · 2 recent exchange filings mention it -0.3% +55.6% mentions TITAN · reports a “Jewellery (refer note 4)” segment, 88% of revenue -1.5% +17.2% filing THANGAMAYL · 4 recent exchange filings mention it -4.6% -7.6% mentions MANAPPURAM · reports a “Gold loan and others” segment, 90% of revenue -6.2% +4.1% filing Renewables & solar 14 companies · median 1-month -3.3% · 5 qualify on a reported segment Generation, modules, cells and the EPC work in between.
Company and why it is here 1 month 3 months Evidence
SOLARA · 5 recent exchange filings mention it +39.9% +17.6% mentions TEXRAIL · reports a “Infra-Rail & Green Energy” segment, 8% of revenue +9.3% +10.6% filing ACMESOLAR · 2 recent exchange filings mention it +6.6% +14.4% mentions ONIXSOLAR · 2 recent exchange filings mention it +4.9% -29.8% mentions SJVN · 2 recent exchange filings mention it +0.1% -8.1% mentions GKENERGY · 2 recent exchange filings mention it -0.0% -9.1% mentions TATAPOWER · reports a “Renewables” segment, 18% of revenue -3.3% -9.2% filing RHETAN · 2 recent exchange filings mention it -3.4% -14.0% mentions WAAREEENER · reports a “(a) Solar Photovoltaic Modules” segment, 89% of revenue -4.5% -16.5% filing NTPCGREEN · 7 recent exchange filings mention it -5.1% -11.2% mentions SUZLON · reports a “Renewable Energy Solutions” segment, 81% of revenue -6.6% -20.4% filing WAAREERTL · reports a “EPC Contracts - Solar Power Plants” segment, 87% of revenue -6.8% -13.6% filing KPIGREEN · 25 recent exchange filings mention it -14.7% -29.1% mentions SWELECTES · 2 recent exchange filings mention it -17.7% -11.5% mentions AI & data centres 8 companies · median 1-month -6.2% · 1 qualify on a reported segment Compute build-out — operators, the power and cooling behind them, and the cable and equipment suppliers feeding it.
Company and why it is here 1 month 3 months Evidence
COFORGE · 4 recent exchange filings mention it +1.8% +30.7% mentions LT · 3 recent exchange filings mention it -1.6% -5.2% mentions KFINTECH · 2 recent exchange filings mention it -2.5% +6.1% mentions TCS · 3 recent exchange filings mention it -6.2% +1.9% mentions MCLOUD · 5 recent exchange filings mention it -10.6% -2.5% mentions HEXT · 2 recent exchange filings mention it -11.3% +1.0% mentions ZENSARTECH · reports a “Cloud Infrastructure and Security” segment, 23% of revenue -13.6% -5.2% filing BLUECLOUDS · 6 recent exchange filings mention it -14.4% +7.9% mentions Capital goods & engineering 10 companies · median 1-month -6.8% · 9 qualify on a reported segment Order-driven engineering, the part of the economy that moves with the capex cycle.
Company and why it is here 1 month 3 months Evidence
MANINFRA · reports a “EPC (Engineering, Procurement and Contracting)” segment, 37% of revenue +18.5% +11.2% filing VINDHYATEL · reports a “Engineering, Procurement & Construction ( EPC)” segment, 72% of revenue +9.1% +28.2% filing ADVAIT · 2 recent exchange filings mention it -2.8% -11.9% mentions WAAREEENER · reports a “(c) Engineering, procurement and construction (EPC) contracts” segment, 11% of revenue -4.5% -16.5% filing WAAREERTL · reports a “EPC Contracts - Solar Power Plants” segment, 87% of revenue -6.8% -13.6% filing SPMLINFRA · reports a “EPC” segment, 100% of revenue -9.6% -7.5% filing SWSOLAR · reports a “EPC business” segment, 95% of revenue -9.8% -13.4% filing WALCHANNAG · reports a “Heavy Engineering” segment, 77% of revenue -10.0% -20.2% filing SOLARWORLD · reports a “(a) Engineering, procurement and construction (EPC) contracts” segment, 85% of revenue -12.6% -24.3% filing SANGHVIMOV · reports a “Wind EPC” segment, 37% of revenue -13.2% +3.2% filing Railways & metro 5 companies · median 1-month -8.9% · 2 qualify on a reported segment Rolling stock, signalling, track and the contractors that build them.
Company and why it is here 1 month 3 months Evidence
TEXRAIL · reports a “Infra-Rail & Green Energy” segment, 8% of revenue +9.3% +10.6% filing TITAGARH · reports a “Freight Rail System” segment, 66% of revenue +3.1% -0.1% filing IRCTC · 3 recent exchange filings mention it -8.9% -9.7% mentions RVNL · 3 recent exchange filings mention it -10.6% -14.2% mentions MCLOUD · 3 recent exchange filings mention it -10.6% -2.5% mentions Axe Cap is a data and analytics tool. Every panel is the output of a named screen — it does
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