Nifty Pharma Stock List and its Weightage in Nifty Pharma

Nifty Pharma Stock List and its Weightage in Nifty Pharma

What is Nifty Pharma…

NIFTY Pharma Index captures the performance of the pharmaceutical sector. The Index comprises 20 companies listed on the National Stock Exchange of India (NSE). NIFTY Pharma Index is computed using free-float market capitalization method, nifty pharma weightage stocks list 2022 wherein the level of the index reflects the total free-float market value of all the stocks in the index relative to a particular base market capitalization value. NIFTY Pharma Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs, and structured products.

 

Nifty Pharma Companies List and its Weightage (31st March 2022)

Sl No Company Name NSE Symbol Weightage(in%)
1 Sun Pharmaceutical Industries Ltd. SUNPHARMA 22.07%
2 Dr. Reddy’s Laboratories Ltd. DRREDDY 11.66%
3 Divi’s Laboratories Ltd. DIVISLAB 12.53%
4 Cipla Ltd. CIPLA 11.74%
5 Lupin Ltd. LUPIN 4.02%
6 Laurus Labs Ltd. LAURASLABS 5.17%
7 Aurobindo Pharma Ltd. AUROPHARMA 4.20%
8 Gland Pharma Ltd. GLAND 3.84%
9 Biocon Ltd. BIOCON 3.42%
10 Alkem Laboratories Ltd. ALKEM 3.97%
11 Ipca Laboratories Ltd. IPCALAB 3.26%
12 Torrent Pharmaceutical Ltd TORNTPHARM 3.06%
13 Zydus Lifesciences ZYDUSLIFE 1.99%
14 Abbot India Ltd. ABBOTINDIA 2.10%
15 NATCO Pharma Ltd. NATCOPHARM 1.57%
16 Glenmark Pharmaceutical Ltd. GLENMARK 1.48%
17 Pfizer Ltd. PFIZER 1.51%
18 Alembic Pharmaceuticals Ltd. APLLTD 0.94%
19 Granules India Ltd. GRANULES 0.97%
20 Strides Pharma Science Ltd. STAR 0.49%

 

Eligibility Criteria for Selection of Constituent Stocks

Nifty Pharma Stock List and its Weightage in Index,i. Companies should form part of NIFTY at the time of review. In case, the number of eligible stocks representing a particular sector within NIFTY 500 falls below 20, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalization based on previous six months period data used for index rebalancing of NIFTY.

  1. iii. The company’s trading frequency should be at least 90% in the last six months.
  2. weightage,nifty it stocks list with weightage,The company should have a listing history of 6 months. A company, which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
  3. Nifty Pharma Stock List and its Weightage in Index .Final selection of 20 companies shall be done based on the free-float market capitalization of the companies.A preference shall be given to companies that are available for trading in NSE’s Futures & Options segment at the time of final selection.
  4. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.

 

 

Index is re-balanced on semi-annual basis. nifty pharma weightage stocks list 2022 The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.

Nifty Pharma Stock List and its Weightage in Nifty Pharma

  • Index Governance:

 

A professional team manages all NSE indices. nifty pharma weightage stocks list 2022 There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.

Read More Click 

nifty pharma weightage stocks list 2022,nifty auto weightage,nifty it stocks list with weightage,nifty realty index weightage,nifty pharma constituents,nifty fmcg weightage,nifty pharma stocks list nse,nifty pharma etf

Youteb

Apr 12, 2022 - Posted by Mukesh Saini - No Comments
Bank Nifty ,Bank Nifty Analysis ,NIFTY BANK Daily Technical Analysis,Bank Nifty Future,Bank Nifty News

Leave a Reply