S&P BSE India Manufacturing Live Chart
O 0
H 0
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S&P BSE India Manufacturing Performance
Days Range
Previous Close979.57
Open974.59
52W Range693.97 - 1,009.36
P/E Ratio20.65
S&P BSE India Manufacturing Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Asian Paints |
₹2,808.45 |
-6.30 (-0.22%) |
₹2,766.05 - ₹2,822.00 |
|
|
B P C L |
₹585.90 |
-3.85 (-0.65%) |
₹564.15 - ₹589.80 |
|
|
Bajaj Auto |
₹8,795.45 |
-222.30 (-2.47%) |
₹8,700.05 - ₹9,094.50 |
|
|
Bharat Electron |
₹233.15 |
2.05 (0.89%) |
₹225.70 - ₹234.60 |
|
|
Britannia Inds. |
₹4,668.10 |
-26.60 (-0.57%) |
₹4,643.30 - ₹4,699.55 |
|
|
Cipla |
₹1,345.35 |
-2.30 (-0.17%) |
₹1,335.35 - ₹1,357.95 |
|
|
Coal India |
₹435.25 |
-3.50 (-0.80%) |
₹428.10 - ₹438.70 |
|
|
Divi's Lab. |
₹3,669.30 |
-48.05 (-1.29%) |
₹3,640.10 - ₹3,708.90 |
|
|
Dr Reddy's Labs |
₹5,942.65 |
-16.45 (-0.28%) |
₹5,881.15 - ₹5,970.00 |
|
|
Eicher Motors |
₹4,340.80 |
-11.75 (-0.27%) |
₹4,262.85 - ₹4,367.95 |
|
|
Grasim Inds |
₹2,274.35 |
46.75 (2.10%) |
₹2,200.80 - ₹2,289.00 |
|
|
Hero Motocorp |
₹4,215.15 |
-37.55 (-0.88%) |
₹4,170.55 - ₹4,240.05 |
|
|
Hind. Unilever |
₹2,232.25 |
17.30 (0.78%) |
₹2,195.65 - ₹2,244.35 |
|
|
Hindalco Inds. |
₹614.50 |
1.70 (0.28%) |
₹600.80 - ₹616.40 |
|
|
ITC |
₹424.80 |
5.85 (1.40%) |
₹416.30 - ₹426.30 |
|
|
JSW Steel |
₹865.25 |
21.00 (2.49%) |
₹833.50 - ₹867.45 |
|
|
Larsen & Toubro |
₹3,519.25 |
-31.70 (-0.89%) |
₹3,474.00 - ₹3,544.10 |
|
|
M & M |
₹2,082.90 |
58.75 (2.90%) |
₹1,998.85 - ₹2,087.60 |
|
|
Maruti Suzuki |
₹12,710.65 |
314.35 (2.54%) |
₹12,230.00 - ₹12,752.05 |
|
|
Nestle India |
₹2,437.10 |
-25.65 (-1.04%) |
₹2,375.75 - ₹2,471.00 |
|
|
O N G C |
₹275.15 |
0.85 (0.31%) |
₹274.05 - ₹280.80 |
|
|
Pidilite Inds. |
₹2,827.40 |
-43.65 (-1.52%) |
₹2,804.50 - ₹2,870.60 |
|
|
Reliance Industr |
₹2,941.60 |
13.45 (0.46%) |
₹2,886.75 - ₹2,947.00 |
|
|
Sun Pharma.Inds. |
₹1,522.55 |
5.40 (0.36%) |
₹1,502.15 - ₹1,528.90 |
|
|
Tata Consumer |
₹1,137.50 |
3.30 (0.29%) |
₹1,106.60 - ₹1,150.00 |
|
|
Tata Motors |
₹963.20 |
-8.20 (-0.84%) |
₹943.95 - ₹967.90 |
|
|
Tata Steel |
₹162.10 |
2.10 (1.31%) |
₹157.35 - ₹162.50 |
|
|
Titan Company |
₹3,562.85 |
36.45 (1.03%) |
₹3,478.45 - ₹3,571.05 |
|
|
UltraTech Cem. |
₹9,367.40 |
-19.80 (-0.21%) |
₹9,250.10 - ₹9,400.00 |
|
|
Varun Beverages |
₹1,395.60 |
-1.75 (-0.13%) |
₹1,362.45 - ₹1,402.95 |
|
S&P BSE India Manufacturing Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Automobile | 2 | 6 | 4 |
| Cement | 0 | 1 | 1 |
| Chemicals | 0 | 1 | 1 |
| Crude Oil & Natural Gas | 1 | 1 | 0 |
| Diamond, Gems and Jewellery | 1 | 1 | 0 |
| FMCG | 1 | 4 | 3 |
| Infrastructure Developers & Operators | 0 | 1 | 1 |
| Mining & Mineral products | 0 | 1 | 1 |
| Non Ferrous Metals | 1 | 1 | 0 |
| Paints/Varnish | 1 | 1 | 0 |
| Pharmaceuticals | 1 | 4 | 3 |
| Plantation & Plantation Products | 1 | 1 | 0 |
| Refineries | 1 | 2 | 1 |
| Steel | 2 | 2 | 0 |
| Textiles | 1 | 1 | 0 |
| Tobacco Products | 1 | 1 | 0 |
| Aerospace & Defence | 1 | 1 | 0 |
Data 2
Data 3
What is BSE India MFG Index?
BSE India MFG is a thematic index on the Bombay Stock Exchange (BSE) which captures the performance of the domestic manufacturing sector. It is a diversified index of 30 stocks selected from the S&P BSE LargeMidCap index, representing the production industry. The BSE India MFG stocks span 10 sectors, namely, FMCG, Oil & Gas, Transport Equipment, Healthcare, Metal & Mining, Capital Goods, Chemical & Petrochemical, Housing, Consumer Durables, and Agriculture.
This BSE India MFG index was launched on May 25, 2015, with the first value date as September 16, 2005, and with base value of 100. Since its inception, the S&P BSE India MFG share price has breached the levels of 600 at ~17x P/E multiples. The calculation of index value based on the modified market capitalisation value at the end of the day.
BSE India MFG is reconstituted annually in September, while the weights are rebalanced semi-annually in March and September. The BSE India MFG index is calculated in two currencies: INR and US$; for US$, spot foreign exchange rates are applied from Refinitiv’s data.
S&P BSE India MFG index is managed and governed by S&P BSE Index Committee set up under Asia Index Private Ltd, which is a joint venture of S&P and BSE Ltd. The BSE India MFG index is suitable for benchmarking of fund portfolios and launching of index funds looking for a liquid and investable exposure to the manufacturing sector.
Orgainisation
S&P BSE India Manufacturing
Exchange
BSE
How is BSE India MFG calculated? How are stocks selected for inclusion in BSE India MFG?
The S&P BSE India MFG share price is computed by weighting its 30 stocks based on modified market capitalisation value, using the divisor methodology of the S&P Dow Jones equity indices. Index weight rebalancing is done semi-annually based on float-adjusted market capitalisation.
The securities must fulfil the following eligibility criteria to be included in the BSE India MFG index:
- Should be domiciled in India and listed on the Bombay Stock Exchange.
- Should form a part of S&P BSE LargeMidCap index, which is a size sub-index of the BSE AllCap index.
- Should form a part of the Indian manufacturing sector as per the BSE Sector Classification System.
- Should include only the common shares of the company.
- Should have a listing history of at least 6 months.
- Should have at most 5 non-trading days in the last 6-month period.
- Should have an annualised traded value of at least Rs. 30 billion; it will be Rs. 20 billion for the current constituent stocks.
- Should have a turnover ratio of at least 30%; it will be 20% for the current constituents.
- The top 25 stocks, ranked based on an average 6-month daily free float market cap, should be compulsorily included, irrespective of the status of the constituent as being current or new.
- The remaining 5 stocks should be included from the current constituents only that are ranked between 26 and 35 on the basis of the highest rank.
The index value is calculated as follows –
Index value = Index Market Value / Divisor
Where,
Index Market Value = Price * Shares * IWF (Float Factor) *Fx rate * AWFi
AWFi = Adjusted Stock Market Value factor assigned on rebalancing date
Divisor = Index Market Value after rebalancing / Index Value before rebalancing
The BSE India MFG index is reconstituted annually in September, with semi-annual reviews being undertaken in March and September for index cap weightings. Single stocks are capped at 10%, while the common India Industry Classification Structure macro-economic indicator is capped at 30%. Corporate actions are weighted based on the non-market capitalisation method.
S&P BSE India Manufacturing FAQs
BSE India MFG index includes 30 stocks from the BSE LargeMidCap index that belong to the Indian manufacturing sector, with the top 10 constituent stocks representing ~64% of the index. The number may fall below 30 in case of any deletions in between the semi-annual rebalancings.
How to Invest in BSE India MFG?
There is no direct way to invest in the S&P BSE India MFG index. You may choose to invest in individual stocks, through a trading account, in a similar index-weighted proportion. Else, you may invest in index funds that take exposure to the manufacturing sector.
Should you Invest in the BSE India MFG index? Is the investment in BSE India MFG safe?
BSE India MFG index has generated annualised price returns of 7.49% in the past 5 years and 10.85% in the past 10 years. Its annualised risk-adjusted returns ratio comes to 0.53 for a 5-year period, which improves to 0.77 for a 10-year time horizon. BSE India MFG’s projected multiples stand at ~17x P/E and ~2% dividend yield.
How has BSE India MFG performed against BSE LargeMidCap?
BSE India MFG index has underperformed the BSE LargeMidCap index both over the past 5-year period and 10-year period by generating 9.62% and 12.66% total returns, respectively v/s LargeMidCap’s 11.51% and 13.57% for the same time horizon. BSE India MFG index has, however, overperformed in the short time horizon of 3 years, by returning 12.79% v/s LargeMidCap index’s 12.31%. The S&P BSE India MFG index experiences relatively lower volatility levels.
How is the BSE India MFG index different from its NSE Manufacturing counterpart?
BSE India MFG index, launched in 2015 with 30 constituents, is less diversified compared to its NIFTY India MFG counterpart, which was launched in 2021 with 79 stocks.
What is the objective of BSE India MFG?
BSE India MFG index is a subset of the S&P BSE LargeMidCap index that is designed to reflect the performance of the manufacturing and production sector of the economy. It includes the largest and most liquid companies belonging to the oil & gas, food, beverage & tobacco, household & personal products, automobiles & auto components, consumer durables, capital goods, pharmaceuticals & biotechnology, and textiles, apparels & accessories sectors.
