S&P BSE Healthcare Live Chart

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S&P BSE Healthcare Performance

Days Range

Low: 35,219.52
High: 35,659.11
Previous Close35,670.67
Open35,659.11
52W Range23,495.35 - 35,984.24
P/E Ratio42.16

S&P BSE Healthcare Companies

Company
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Aarti Drugs

₹484.50

0.00 (0.00%)

₹482.40 - ₹497.90

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Aarti Pharma

₹572.00

0.00 (0.00%)

₹568.00 - ₹578.80

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Abbott India

₹26,097.75

0.00 (0.00%)

₹25,701.05 - ₹26,374.90

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Advanced Enzyme

₹360.20

0.00 (0.00%)

₹358.15 - ₹374.00

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Ajanta Pharma

₹2,393.90

0.00 (0.00%)

₹2,383.05 - ₹2,417.70

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Alembic Pharma

₹946.20

0.00 (0.00%)

₹926.00 - ₹955.10

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Alkem Lab

₹5,265.10

0.00 (0.00%)

₹5,184.15 - ₹5,380.50

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Ami Organics

₹1,256.95

0.00 (0.00%)

₹1,203.50 - ₹1,269.50

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Apollo Hospitals

₹5,906.70

0.00 (0.00%)

₹5,887.25 - ₹5,942.00

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Artemis Medicare

₹177.45

0.00 (0.00%)

₹175.10 - ₹178.75

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Aster DM Health.

₹365.30

0.00 (0.00%)

₹357.65 - ₹375.95

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Astrazeneca Phar

₹6,366.00

0.00 (0.00%)

₹6,250.00 - ₹6,456.80

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Aurobindo Pharma

₹1,218.30

0.00 (0.00%)

₹1,203.75 - ₹1,230.00

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Bajaj Healthcare

₹295.70

0.00 (0.00%)

₹294.40 - ₹302.15

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Biocon

₹323.60

0.00 (0.00%)

₹311.00 - ₹324.50

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Bliss GVS Pharma

₹103.50

0.00 (0.00%)

₹103.00 - ₹107.95

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Blue Jet Health

₹374.80

0.00 (0.00%)

₹361.65 - ₹377.25

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Caplin Point Lab

₹1,309.40

0.00 (0.00%)

₹1,280.75 - ₹1,316.50

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Cipla

₹1,493.05

0.00 (0.00%)

₹1,473.10 - ₹1,497.05

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Concord Biotech

₹1,450.25

0.00 (0.00%)

₹1,426.05 - ₹1,670.00

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Dishman Carbogen

₹192.85

0.00 (0.00%)

₹189.15 - ₹196.45

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Divi's Lab.

₹4,448.55

0.00 (0.00%)

₹4,351.10 - ₹4,469.15

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Dr Lal Pathlabs

₹2,651.25

0.00 (0.00%)

₹2,577.50 - ₹2,659.90

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Dr Reddy's Labs

₹5,999.70

0.00 (0.00%)

₹5,913.05 - ₹6,015.00

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ERIS Lifescience

₹910.70

0.00 (0.00%)

₹880.90 - ₹916.15

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FDC

₹465.45

0.00 (0.00%)

₹461.90 - ₹473.05

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Fortis Health.

₹462.55

0.00 (0.00%)

₹460.00 - ₹466.95

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Gland Pharma

₹1,859.65

0.00 (0.00%)

₹1,814.85 - ₹1,868.30

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Glaxosmi. Pharma

₹2,536.65

0.00 (0.00%)

₹2,450.80 - ₹2,569.00

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Glenmark Life

₹830.75

0.00 (0.00%)

₹813.05 - ₹836.45

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Glenmark Pharma.

₹1,179.60

0.00 (0.00%)

₹1,144.60 - ₹1,183.25

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Global Health

₹1,188.75

0.00 (0.00%)

₹1,185.00 - ₹1,239.65

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Granules India

₹429.70

0.00 (0.00%)

₹429.00 - ₹434.00

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Gufic BioScience

₹320.50

0.00 (0.00%)

₹308.20 - ₹327.10

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Guj. Themis Bio.

₹385.55

0.00 (0.00%)

₹377.60 - ₹390.85

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Health.Global

₹361.00

0.00 (0.00%)

₹356.90 - ₹362.50

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Hester Bios

₹1,795.80

0.00 (0.00%)

₹1,783.95 - ₹1,799.00

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Hikal

₹289.95

0.00 (0.00%)

₹288.20 - ₹291.80

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Indoco Remedies

₹312.30

0.00 (0.00%)

₹311.50 - ₹316.05

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Indrapr.Medical

₹237.35

0.00 (0.00%)

₹235.30 - ₹240.10

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Innova Captab

₹489.40

0.00 (0.00%)

₹475.00 - ₹494.85

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IOL Chemicals

₹364.95

0.00 (0.00%)

₹360.00 - ₹370.50

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Ipca Labs.

₹1,294.20

0.00 (0.00%)

₹1,275.85 - ₹1,352.40

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J B Chemicals &

₹1,768.65

0.00 (0.00%)

₹1,750.00 - ₹1,774.45

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Jagsonpal Pharma

₹342.40

0.00 (0.00%)

₹337.70 - ₹345.55

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Jubilant Pharmo

₹705.70

0.00 (0.00%)

₹691.10 - ₹733.00

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Jupiter Life Lin

₹1,155.05

0.00 (0.00%)

₹1,138.05 - ₹1,162.90

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KMC Speciality

₹85.80

0.00 (0.00%)

₹85.55 - ₹88.83

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Kopran

₹230.90

0.00 (0.00%)

₹230.00 - ₹234.45

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Kovai Medical

₹4,223.75

0.00 (0.00%)

₹4,188.65 - ₹4,409.00

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Krishna Institu.

₹1,821.25

0.00 (0.00%)

₹1,818.05 - ₹1,868.80

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Krsnaa Diagnost.

₹570.85

0.00 (0.00%)

₹567.80 - ₹575.00

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Laurus Labs

₹440.15

0.00 (0.00%)

₹439.35 - ₹450.00

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Lincoln Pharma.

₹569.50

0.00 (0.00%)

₹565.00 - ₹579.10

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Lupin

₹1,601.30

0.00 (0.00%)

₹1,580.00 - ₹1,611.85

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Mankind Pharma

₹2,102.85

0.00 (0.00%)

₹2,090.05 - ₹2,172.85

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Marksans Pharma

₹169.35

0.00 (0.00%)

₹164.15 - ₹170.70

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Max Healthcare

₹788.00

0.00 (0.00%)

₹780.90 - ₹791.75

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Medicamen Biotec

₹508.15

0.00 (0.00%)

₹505.15 - ₹517.15

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Metropolis Healt

₹1,968.65

0.00 (0.00%)

₹1,955.00 - ₹1,999.00

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Morepen Labs.

₹46.94

0.00 (0.00%)

₹46.66 - ₹47.40

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Narayana Hrudaya

₹1,147.95

0.00 (0.00%)

₹1,145.60 - ₹1,190.00

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Natco Pharma

₹1,040.90

0.00 (0.00%)

₹1,032.00 - ₹1,060.20

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Neuland Labs.

₹6,079.75

0.00 (0.00%)

₹6,054.15 - ₹6,237.00

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NGL Fine Chem

₹2,279.90

0.00 (0.00%)

₹2,197.00 - ₹2,288.55

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Novartis India

₹1,037.50

0.00 (0.00%)

₹1,027.00 - ₹1,044.90

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P & G Health Ltd

₹4,793.10

0.00 (0.00%)

₹4,760.65 - ₹4,799.90

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Panacea Biotec

₹134.65

0.00 (0.00%)

₹134.35 - ₹136.35

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Pfizer

₹4,620.30

0.00 (0.00%)

₹4,539.20 - ₹4,631.00

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Piramal Pharma

₹149.95

0.00 (0.00%)

₹148.25 - ₹150.40

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Poly Medicure

₹1,832.85

0.00 (0.00%)

₹1,805.05 - ₹1,835.80

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Rainbow Child.

₹1,247.25

0.00 (0.00%)

₹1,241.05 - ₹1,269.50

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RPG LifeScience.

₹1,445.30

0.00 (0.00%)

₹1,431.95 - ₹1,495.10

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Sanofi India

₹8,602.10

0.00 (0.00%)

₹8,530.05 - ₹8,694.35

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Sastasundar Ven.

₹334.00

0.00 (0.00%)

₹308.50 - ₹344.00

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Sequent Scien.

₹105.05

0.00 (0.00%)

₹102.95 - ₹106.40

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Shalby

₹271.20

0.00 (0.00%)

₹260.05 - ₹271.90

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Shilpa Medicare

₹472.05

0.00 (0.00%)

₹469.30 - ₹486.35

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Sigachi Indust.

₹66.04

0.00 (0.00%)

₹65.80 - ₹67.67

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SMS Pharma.

₹211.35

0.00 (0.00%)

₹208.00 - ₹221.90

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Solara Active

₹429.20

0.00 (0.00%)

₹426.65 - ₹453.55

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SPARC

₹211.75

0.00 (0.00%)

₹211.25 - ₹215.20

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Strides Pharma

₹842.60

0.00 (0.00%)

₹814.00 - ₹851.00

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Sun Pharma.Inds.

₹1,478.35

0.00 (0.00%)

₹1,466.00 - ₹1,494.85

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Supriya Lifesci.

₹347.20

0.00 (0.00%)

₹341.10 - ₹361.05

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Suven Life Scie.

₹96.40

0.00 (0.00%)

₹94.75 - ₹97.10

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Suven Pharma

₹647.00

0.00 (0.00%)

₹637.50 - ₹655.00

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Syncom Formul.

₹12.43

0.00 (0.00%)

₹12.29 - ₹12.71

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Syngene Intl.

₹690.90

0.00 (0.00%)

₹681.00 - ₹694.95

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Tarsons Products

₹418.95

0.00 (0.00%)

₹411.95 - ₹420.00

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Themis Medicare

₹205.50

0.00 (0.00%)

₹204.80 - ₹208.30

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Thyrocare Tech.

₹614.65

0.00 (0.00%)

₹611.60 - ₹627.70

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Torrent Pharma.

₹2,715.15

0.00 (0.00%)

₹2,647.10 - ₹2,734.95

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Unichem Labs.

₹550.90

0.00 (0.00%)

₹534.25 - ₹555.00

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Vijaya Diagnost.

₹811.25

0.00 (0.00%)

₹793.15 - ₹821.60

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Vimta Labs

₹481.35

0.00 (0.00%)

₹480.00 - ₹499.85

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Wockhardt

₹565.30

0.00 (0.00%)

₹548.50 - ₹572.00

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Yatharth Hospit.

₹407.20

0.00 (0.00%)

₹405.25 - ₹418.50

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Zydus Lifesci.

₹1,045.10

0.00 (0.00%)

₹1,036.00 - ₹1,050.70

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S&P BSE Healthcare Sectors

Sector Name Advances No Change Declined
Finance 1 1 0
Healthcare 7 20 13
Miscellaneous 1 2 1
Pharmaceuticals 38 72 34

What is BSE Healthcare?

BSE Healthcare is a sectoral index on the Bombay Stock Exchange (BSE) which captures the healthcare sector’s performance in the Indian economy. It is a diversified index of 97 stocks from the S&P BSE AllCap index that represent the health sector. The basic sub-sectors eligible to be included in the BSE Healthcare index are Healthcare Services and Pharmaceuticals & Biotechnology.

This BSE Healthcare index was launched on February 25, 2022, with the first value date as September 18, 2020, and with base value at 1240.46. The base value is higher as it is a successor index of S&P BSE HEALTHCARE legacy index that was introduced in 1999. All pricing history prior to April 15, 2015, is related to the earlier legacy index. 

Since its inception, the S&P BSE Healthcare share price has breached the levels of 22,000 at ~35.39x P/E multiples. The index value is calculated based on free float capped market capitalization value, with index stocks capped at 33% on a real-time basis. It is reconstituted annually in September, with July’s last trading day as its reference date. 

S&P BSE Healthcare 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 Healthcare index is calculated in two currencies: INR and USD; for USD, spot foreign exchange rates are applied from Refinitiv’s data. It has an index variant: S&P BSE Healthcare TR.

Orgainisation
S&P BSE Healthcare
Exchange
BSE

How is BSE Healthcare calculated? How are stocks selected for inclusion in BSE Healthcare?

The BSE Healthcare share price is computed by weighting its 97 stocks based on free-float capped market capitalization, using the divisor methodology of the S&P Dow Jones equity indices. In this capped weighted index method, single stocks are confined to a maximum weight of 33%, and the excess weight is distributed proportionately among the remaining index stocks.

The securities must fulfil the following eligibility criteria to be included in the BSE Healthcare index:

  1. Should be domiciled in India and listed on the Bombay Stock Exchange.
  2. Should form a part of S&P BSE AllCap index. 
  3. Should form a part of the Healthcare sector as per the BSE Sector Classification System.
  4. Should include all the eligible share classes of the company.
  5. Should have an impact cost of 0.5% or less over the past 6-month period.
  6. Should have a trading frequency >80% and a listing history of more than six months.
  7. Should have a turnover ratio of at least 5%.
  8. Companies that have come out with IPOs must have a listing history of at least one month in order to be eligible for inclusion.
  9. Companies that have undergone a scheme of arrangement, namely spin-offs, capital restructuring etc., must have a listing history of at least one month in order to be eligible for inclusion.
  10. Companies can be excluded in between the rebalancing dates due to mergers, delisting, takeovers, suspensions, surveillance objections, bankruptcies, or graded surveillance measure (GRM).
  11. Should exclude an index stock if its average daily total market capitalization falls below INR 0.5 billion by the reference date of the last trading day in January.

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 Healthcare index is reconstituted annually in September, with quarterly reviews being undertaken in the months of December, March, and June for index cap weightings. Single stocks are capped at 33% while the aggregate weight of the top three constituents is capped at 63%. The stock rankings shall be the same for all the index constituents, whether it is based on their final weights or based on their free float market cap.

S&P BSE Healthcare FAQs

What are BSE Healthcare stocks?

A: BSE Healthcare index includes 97 stocks from the Healthcare sector, with the largest constituent weighing 16% of the index, and the top 10 constituent stocks representing ~62% of the index.

How to Invest in BSE Healthcare?

You may choose to invest in individual stocks, through a trading account, in the same proportion as their index weightage. Else, you may invest in Exchange-Traded Funds (ETFs), which passively track the BSE Healthcare index.

 

Should you Invest in the BSE Healthcare index? Is the investment in BSE Healthcare safe?

BSE Healthcare index has generated annualized price returns of 8.77% in the past 5 years and 12.12% in the past 10 years. Its annualized risk-adjusted returns ratio comes to 0.45 for a 5-year period, which improves to 0.69 for a 10-year time horizon. It experiences volatility levels broadly in line with the market AllCap index. BSE Healthcare’s projected P/E multiples stand at ~24x.

How has BSE Healthcare performed against BSE AllCap?

BSE Healthcare index has underperformed the BSE AllCap index over the past 5-year period by generating only 9.51% total returns v/s AllCap’s 11.38%. However, it has overperformed over a shorter horizon of a 3-year period, where it earned 19.67% returns v/s 13.48%, but at relatively higher volatility levels in all calendar years.

How is BSE Healthcare different from its NIFTY Healthcare counterpart?

BSE Healthcare was launched in 2022 with 97 constituents, whereas NIFTY Healthcare has only 20 constituents and was launched in 2020, making the former a more diversified index of the two. S&P BSE Healthcare has outperformed its NIFTY counterpart on all time horizons.

What is the objective of BSE Healthcare?

BSE Healthcare index is a subset of the S&P BSE AllCap index that is designed to reflect the performance of the largest and most liquid companies that are engaged in the business of providing healthcare services as well as in biotechnology and pharmaceuticals production. It can serve as a reference index for benchmarking of funds.