Core sector growth hits 16-month low of 3.5% in November

01 Jan 2019 Evaluate

The growth of eight core infrastructure industries slowed to sixteenth-month low of 3.5% in November 2018, as compared to 4.8% in October 2018, due to fall in output of crude oil and fertilisers. According to data released by the ministry of Commerce and Industry, the combined Index of eight core industries stood at 128.5 in November, 2018, which was 3.5% higher compared to the index of November, 2017. Its cumulative growth during April to November, 2018-19 was 5.1%. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Among eight core sectors, Coal production having 10.33% weight rose 3.7% in November, 2018 over November, 2017, and its cumulative index increased by 9.0% during April to November, 2018-19 over corresponding period of the previous year. Petroleum Refinery production having 28.04% weight increased 2.3% in November, 2018 over November, 2017 and its cumulative index surged by 5.3% during April to November, 2018-19 over the corresponding period of previous year.

The Natural Gas production having 6.88% weight increased by 0.5% in November, 2018 over November, 2017, while its cumulative index was down by 0.7% during April to November, 2018-19 over the corresponding period of previous year. Besides, Steel production having 17.92% weight jumped by 6.0% in November, 2018 over November, 2017 and its cumulative index increased by 3.7% during April to November, 2018-19 over the corresponding period of previous year. Electricity generation having 19.85% weight increased by 5.4% in November, 2018 over November, 2017 and its cumulative index increased by 6.7% during April to November, 2018-19 over the corresponding period of previous year.

Cement production having 5.37% weight jumped 8.8% in November, 2018 over November, 2017 and its cumulative index increased by 14.2% during April to November, 2018-19 over the corresponding period of previous year. On the flip side, Fertilizer production having 2.63% weight declined by 8.1% in November, 2018 over November, 2017, and its cumulative index was down by 1.3% during April to November, 2018-19 over the corresponding period of previous year. Crude Oil production having 8.98% weight decreased by 3.5% in November, 2018 over November, 2017 and its cumulative index fell by 3.6% during April to November, 2018-19 over the corresponding period of previous year.

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.