Mazagon Dock, NALCO, Coal India among NIFTY500 stocks rising over 10% despite Middle East crisis

NIFTY50 and SENSEX continues to trade under pressure as escalating conflict between the US, Isreal and Iran has led to subtantial volatility in crude oil prices, sparking concerns on domestic inflation and severe headwind on GDP growth.

Since the start of Middle East conflict, NIFTY50 index has declined 1539 points or 6.11% between Feburary 28 and March 12. Meanwhile, BSE SENSEX is down 5253 points or 6.4% during the same period. Brent Crude oil prices surged to as four-year high to trade nearly $120 per barrel amid closure of Strait of Hormuz, which is crucial sea route through which about 20% to 25% of the daily global crude oil passes.

Markets attempted to recover in between on occasional trading sessions. However, the overall trend of the markets have remained weak as investors continue to track latest developments on the Middle East conflict and its possible impact on global energy supplies.

Despite this weak market sentiments, some of the stocks from NIFTY500 have managed to buck the trend and deliver high return to investors.

Adani Total Gas rise amid gas shortage

Adani Total Gas shares have remain in spotlight, rising over 19% since Feburary 27 closing. The Middle East conflict has triggered concerns over global supply of oil and gas. As liquefied natural gas (LNG) supplies tightened, gas prices increased. As a result, the government has prioritised supply for household PNG and CNG segments, which benefits city gas distributors like Adani Total Gas.

NALCO surge on Aluminum price rise

Shares of National Aluminium Company (NALCO) have risen over 15% since the start of the Middle East crisis as Aluminum prices have surge to nearly four years high after major aluminum producers from Qatar and Bahrain have suspend the operations. Middle East accounts for 9% of global aluminum output. Investors expect domestic producers like NALCO to benefit from stronger global aluminium prices.

Coal India shares hit a 52-week high

Coal India hit a 52-week high of ₹474 apiece on NSE despite meltdown in broader markets. The stock rise comes as global coal prices rose due to escalating tensions in West Asia that threaten global energy supplies. International coal prices rose over 14% to $143 per ton earlier this week, which could help the company get higher prices during e-auctions.

Happiest Minds shares rebound

Shares of IT firm Happiest Minds Technologies saw strong investor traction after the company revised its FY27 revenue growth expectation to 12.5% from 10% earlier, citing accelerating momentum from its AI-First strategy and strong demand across sectors. For FY28, the company aims to achieve 15% growth due to expected momentum from its AI-focused strategy. Despite recent stock rise, the stock still trades over 11% lower so far this year.

Aditya Birla Sun Life AMC rise upbeat industry data

Aditya Birla Sun Life AMC hit 52-week high of ₹1,046.5 apiece earlier this week after equity mutual funds attracted net inflows of ₹25,978 crore in February, a rise of 8% compared to the previous month. As a result, Aditya Birla Sun Life AMC and other stocks were in the spotlight.