S&P BSE Telecommunication Live Chart

O 0

H 0

L 0

S&P BSE Telecommunication Performance

Days Range

Low: 2,938.18
High: 2,968.97
Previous Close2,936.76
Open2,946.43
52W Range1,743.17 - 2,994.67
P/E Ratio-18.48

S&P BSE Telecommunication Companies

Company
down-arrow
up-arrow
LTP
down-arrow
up-arrow
Change
down-arrow
up-arrow
Day Range
down-arrow
up-arrow

Avantel

₹163.70

22.55 (15.98%)

₹143.00 - ₹168.00

view-nifty50-company

Bharti Airtel

₹1,425.70

0.40 (0.03%)

₹1,423.10 - ₹1,434.50

view-nifty50-company

GTL Infra.

₹2.15

0.10 (4.88%)

₹2.06 - ₹2.15

view-nifty50-company

HFCL

₹116.05

3.80 (3.39%)

₹111.40 - ₹118.30

view-nifty50-company

Indus Towers

₹340.50

0.90 (0.27%)

₹339.65 - ₹345.70

view-nifty50-company

ITI

₹306.65

0.25 (0.08%)

₹305.00 - ₹312.50

view-nifty50-company

M T N L

₹42.10

-0.08 (-0.19%)

₹41.35 - ₹42.72

view-nifty50-company

OnMobile Global

₹76.01

-1.14 (-1.48%)

₹75.78 - ₹78.10

view-nifty50-company

Optiemus Infra.

₹280.00

7.75 (2.85%)

₹272.25 - ₹282.40

view-nifty50-company

Railtel Corpn.

₹418.15

1.20 (0.29%)

₹413.65 - ₹422.95

view-nifty50-company

Route Mobile

₹1,529.25

-6.70 (-0.44%)

₹1,525.35 - ₹1,548.00

view-nifty50-company

Sterlite Tech.

₹136.05

1.80 (1.34%)

₹132.15 - ₹136.90

view-nifty50-company

Tata Comm

₹1,875.15

-2.25 (-0.12%)

₹1,866.95 - ₹1,885.65

view-nifty50-company

Tata Tele. Mah.

₹79.34

-0.71 (-0.89%)

₹79.12 - ₹80.75

view-nifty50-company

Tejas Networks

₹1,358.75

-11.25 (-0.82%)

₹1,354.35 - ₹1,428.85

view-nifty50-company

Vindhya Telelink

₹2,517.00

25.40 (1.02%)

₹2,472.40 - ₹2,539.70

view-nifty50-company

Vodafone Idea

₹16.23

0.16 (1.00%)

₹16.05 - ₹16.38

view-nifty50-company

S&P BSE Telecommunication Sectors

Sector Name Advances No Change Declined
Cables 1 1 0
Infrastructure Developers & Operators 2 2 0
IT - Software 0 1 1
Telecomm Equipment & Infra Services 2 4 2
Telecomm-Service 1 7 6
Trading 1 1 0

Data 2

Data 3

What is S&P BSE Telecom?

The Indian Telecom industry is the 3rd largest in terms of FDI inflows. It contributes more than 7% of the total FDI inflow and creates approximately 2.2 million direct employment. The telecom industry consists of 3 main sub-industries, i.e. telecom equipment, telecom services, and wireless communication. 

Tracking the performance of each industry separately can help determine the overall market trend and also help investors track the sector-specific performance. BSE has classified all the stocks listed on the stock exchange on the basis of their sectors to track their sectoral performances. S&P BSE Telecom is a part of these sectoral indices that consist of various other sectoral indices. 

The main purpose of the BSE Telecom index is to track the performance and the movement of telecom companies. The index consists of those companies that belong to the telecom sector only. The constituents are selected from the BSE AllCap index. 

The index was launched for the first time on February 25, 2022. The value of the index is calculated in real-time. Currently, the index consists of 17 stocks and holds a market cap of INR 327,353.59 mn. S&P BSE Telecom index has two versions based on currencies. One is reflected in INR and the other in USD. September 18, 2020, is considered the base date for calculating the index value. 

Before 2003, the full market capitalization method was used to calculate the index value. Later it was changed to a free-float market capitalization method. Unlike the full capitalization method, the free-float market capitalization method considers only the shares available for free trading while calculating the market cap of the constituent stocks. 

The ranking of the stocks is based on their market capitalization. But, while calculating this rank, the weights are given and capped. The calculation of the BSE telecom share price involves the redistribution of excess weight until everything is balanced.

Orgainisation
S&P BSE Telecommunication
Exchange
BSE
Founded Year
2005

How is S&P BSE Telecom Calculated?

S&P BSE Telecom forms part of the sectoral indices series of  BSE. These stocks are derived from the constituents of BSE AllCap. Therefore, the method of stock selection will remain the same for both. Here are some basic conditions that are considered while selecting stocks.

  • The weight of a single stock in the index is capped at a maximum of 33%.
  • The mean weightage of the top 3 stocks should not exceed 63%. 
  • If there is any excess weight, then it is redistributed among the remaining constituents on a proportional basis.

Let’s take an example to understand capping and redistribution.

 

Company Name Weights in BSE Telecom
A 34.00%
B 19.00%
C 18.50%
D 8.50%
E 10
Total 100%

The weight of company A is more than the maximum allowed, i.e. 33%. Now, the extra 1% will be redistributed among the remaining stocks in the following manner –

Companies Original Weight Calculation New Weight
A 34.00% (34 – 1)% 33.00%
B 19.00% (19 + (1 ÷ 66 x 19))% 19.29%
C 18.50% (18.50 + (1 ÷ 66 x 18.50))% 18.78%
D 18.50% (18.50 + (1 ÷ 66 x 18.50))% 18.78%
E 10.00% (10 + (1 ÷ 66 x 10))% 10.15%
Total 100.00% 100.00%

Now, the same process is repeated until all the conditions are met. If the weight of the top 3 constituents exceeds 63%, the extra weight will be redistributed in the above manner among the remaining constituents. The same process continues until the weights of the top 3 companies do not exceed 63%, and the highest individual weight of a stock does not exceed 33%. This method is used to calculate the BSE telecom share price.

S&P BSE Telecommunication FAQs

What are S&P BSE Telecom Stocks?

All the stocks that are the constituents of the BSE AllCap index and belong to the Telecom sector as per the BSE’s classification system are known as S&P BSE Telecom stocks. The index currently comprises 17 stocks.

How to invest in S&P BSE Telecom?

One way to invest in BSE telecom stocks is to invest in the 17 constituent stocks individually. If you do not have that many funds, you can also invest in a mutual fund that can invest in the BSE telecom index stocks on your behalf.

What is the objective of S&P BSE Telecom?

The objective of BSE telecom is to track the performance of the telecom companies and track their price movement. It provides the investors with a benchmark that reflects the companies included in AllCap that are a part of the Telecom sector.

Is investment in S&P BSE Telecom safe?

A certain degree of risk is involved in every investment. But, if you diversify your portfolio and invest in all 17 stocks, you can make your investment relatively safer. You can also invest in other sectoral indexes to further diversify your investments.