S&P BSE India Infrastructure Live Chart
O 0
H 0
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S&P BSE India Infrastructure Performance
Days Range
Previous Close640.92
Open640.40
52W Range300.98 - 657.21
P/E Ratio19.01
S&P BSE India Infrastructure Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Adani Energy Sol |
₹1,085.80 |
0.00 (0.00%) |
₹1,081.05 - ₹1,099.55 |
|
|
Adani Green |
₹1,880.90 |
0.00 (0.00%) |
₹1,866.20 - ₹1,905.55 |
|
|
Adani Ports |
₹1,409.70 |
0.00 (0.00%) |
₹1,382.40 - ₹1,427.50 |
|
|
Adani Power |
₹679.60 |
0.00 (0.00%) |
₹666.15 - ₹684.10 |
|
|
CESC |
₹145.35 |
0.00 (0.00%) |
₹140.00 - ₹145.95 |
|
|
GAIL (India) |
₹200.70 |
0.00 (0.00%) |
₹198.15 - ₹201.30 |
|
|
GE Shipping Co |
₹1,056.05 |
0.00 (0.00%) |
₹1,000.05 - ₹1,074.95 |
|
|
GMR Airports Inf |
₹87.00 |
0.00 (0.00%) |
₹86.36 - ₹87.95 |
|
|
Guj Pipavav Port |
₹196.35 |
0.00 (0.00%) |
₹191.20 - ₹198.75 |
|
|
Guj.St.Petronet |
₹289.65 |
0.00 (0.00%) |
₹288.00 - ₹293.90 |
|
|
Gujarat Gas |
₹554.75 |
0.00 (0.00%) |
₹544.95 - ₹558.00 |
|
|
I R F C |
₹180.25 |
0.00 (0.00%) |
₹175.35 - ₹181.80 |
|
|
Interglobe Aviat |
₹4,027.80 |
0.00 (0.00%) |
₹4,007.00 - ₹4,175.90 |
|
|
IRB Infra.Devl. |
₹72.74 |
0.00 (0.00%) |
₹69.60 - ₹72.94 |
|
|
JSW Energy |
₹604.25 |
0.00 (0.00%) |
₹602.80 - ₹621.90 |
|
|
Larsen & Toubro |
₹3,633.50 |
0.00 (0.00%) |
₹3,609.85 - ₹3,661.00 |
|
|
NBCC |
₹142.25 |
0.00 (0.00%) |
₹140.75 - ₹145.85 |
|
|
NCC |
₹283.65 |
0.00 (0.00%) |
₹276.00 - ₹299.00 |
|
|
NHPC Ltd |
₹101.55 |
0.00 (0.00%) |
₹98.66 - ₹102.25 |
|
|
NTPC |
₹364.60 |
0.00 (0.00%) |
₹360.05 - ₹366.35 |
|
|
O N G C |
₹271.80 |
0.00 (0.00%) |
₹270.30 - ₹274.00 |
|
|
Oil India |
₹637.05 |
0.00 (0.00%) |
₹634.00 - ₹655.40 |
|
|
PNC Infratech |
₹523.30 |
0.00 (0.00%) |
₹514.50 - ₹531.60 |
|
|
Power Fin.Corpn. |
₹509.95 |
0.00 (0.00%) |
₹508.35 - ₹524.50 |
|
|
Power Grid Corpn |
₹317.55 |
0.00 (0.00%) |
₹309.00 - ₹318.70 |
|
|
Rail Vikas |
₹375.50 |
0.00 (0.00%) |
₹362.75 - ₹378.40 |
|
|
REC Ltd |
₹568.70 |
0.00 (0.00%) |
₹567.00 - ₹582.60 |
|
|
SpiceJet |
₹57.19 |
0.00 (0.00%) |
₹57.00 - ₹57.90 |
|
|
Tata Power Co. |
₹432.80 |
0.00 (0.00%) |
₹432.10 - ₹439.50 |
|
|
Torrent Power |
₹1,452.00 |
0.00 (0.00%) |
₹1,424.50 - ₹1,472.95 |
|
S&P BSE India Infrastructure Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Air Transport Service | 0 | 1 | 1 |
| Construction | 1 | 1 | 0 |
| Crude Oil & Natural Gas | 0 | 2 | 2 |
| Finance | 1 | 3 | 2 |
| Gas Distribution | 2 | 3 | 1 |
| Infrastructure Developers & Operators | 4 | 6 | 2 |
| Power Generation & Distribution | 5 | 10 | 5 |
| Shipping | 1 | 1 | 0 |
| Marine Port & Services | 2 | 2 | 0 |
What is BSE India INFRA?
BSE India INFRA is a thematic index on the Bombay Stock Exchange (BSE) which captures the performance of the domestic infrastructure industry. It is a diversified index of 30 stocks, selected from the S&P BSE AllCap index, representing the infrastructure and allied operations sector. The BSE India INFRA stocks span 7 sectors, namely, Capital Goods, Power, Transport Services, Oil & Gas, Finance, Utilities, and Housing.
This BSE India INFRA index was launched on May 19, 2014, with the first value date as April 3, 2006, and with base value of 100. Since its inception, the S&P BSE India INFRA share price has breached the levels of 250 at ~10.35x P/E multiples. The calculation of index value is based on the modified market capitalisation value at the end of the day. The weighted average carbon intensity comes to 1,789.01.
BSE India INFRA is reconstituted annually in September, while the weights are rebalanced semi-annually in March and September. The BSE India INFRA 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 INFRA 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 INFRA index is suitable for benchmarking of fund portfolios and launching of index funds looking for a liquid and investable exposure to the infrastructure sector.
Orgainisation
S&P BSE India Infrastructure
Exchange
BSE
How is BSE India INFRA calculated? How are stocks selected for inclusion in BSE India INFRA?
The S&P BSE India INFRA 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 INFRA index:-
- Should be domiciled in India and listed on the Bombay Stock Exchange.
- Should form a part of S&P BSE AllCap index.
- Should form a part of the infrastructure sub-groups as per the BSE Sector Classification System and should be grouped into 5 clusters of construction & engineering, energy, NBFCs, transportation, and utilities.
- Should cap the number of stocks to 10 for each infrastructure cluster category.
- Should include only the common shares of the company.
- Should have a listing history of at least 6 months.
- Should have an average daily free float market cap value of at least Rs. 1 billion. This limit is Rs. 800 million for the current constituents.
- Should have an annualised traded value of at least Rs. 200 million; it will be Rs. 160 million for the current constituent stocks.
- Should have a turnover ratio of at least 10%; it will be 8% for the current constituents.
- Should have at most 5 non-trading days in the last 6-month period.
- Should exclude the stocks ranked beyond 10 based on an average 6-month daily free float market cap from each infrastructure cluster. In case of a shortfall, those stocks ranked below 15 will be excluded.
- The top 20 stocks, 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 10 stocks should be included from the current constituents only, which are ranked from 21-40 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 INFRA index is reconstituted annually in September, with semi-annual reviews undertaken in March and September for index cap weightings. Single stocks are capped at 10%, while the infrastructure cluster is capped at 30%. Corporate actions are weighted based on the non-market capitalisation method.
S&P BSE India Infrastructure FAQs
BSE India INFRA index includes 30 infrastructure stocks from the BSE AllCap index, including NBFCs that get categorised as ‘infrastructure finance companies’ by the RBI or receive substantial revenue from infrastructure finance. These are highly liquid stocks and provide daily price transparency. The number may fall below 30 in case of any deletions in between the semi-annual rebalancing.
How to Invest in BSE India INFRA?
There is no direct way to invest in the S&P BSE India INFRA index. You may choose to invest in individual stocks, through a demat account, in a similar index-weighted proportion. Else, you may invest in index funds that take exposure to the infrastructure sector.
Should you Invest in the BSE India INFRA index? Is the investment in BSE India INFRA safe?
BSE India INFRA index has generated annualised price returns of 3.78% in the past 5 years and 8.79% in the past 10 years. Its annualised risk-adjusted returns ratio comes to 0.26 for a 5-year period, which improves to 0.47 for a 10-year time horizon. BSE India INFRA’s projected multiples stand at ~9.38x P/E and ~3.16% dividend yield. It experiences high volatility levels.
How has BSE India INFRA performed against BSE 500?
BSE India INFRA index has underperformed the BSE 500 index over all time horizons. It has generated 6.63% and 11.23% total returns over the past 5-year period and 10-year period, respectively, v/s BSE 500’s 11.49% and 13.81% returns for the same time horizon. The S&P BSE India INFRA index experiences relatively higher volatility levels.
How is the BSE India INFRA index different from its NSE Infrastructure counterpart?
BSE India INFRA index, launched in 2014 with 30 constituents, has generated 6.63% total returns in the past 5-year period, whereas the NIFTY Infrastructure index, launched in 2007 with 30 stocks, has outperformed the former index by generating 9.52% total returns.
What is the objective of BSE India INFRA?
BSE India INFRA index is a subset of the S&P BSE AllCap index that is designed to serve as a benchmark for evaluating the performance of the domestic infrastructure sector. It includes the largest and most liquid companies belonging to the sub-groups of construction & engineering, energy, NBFCs, transportation, and utilities.
