Which are the top BSE Technology index stocks right now?
As per Equitymaster's Stock Screener, these are the top BSE Technology index stocks right now -
- #1 TCS
- #2 INFOSYS
- #3 BHARTI AIRTEL
- #4 HCL TECHNOLOGIES
- #5 WIPRO
These companies have been ranked as per their market capitalization. The higher the market cap, the higher the total value of the company.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What is the BSE Technology index?
The BSE Technology index comprises stocks of companies from IT, telecom, media or publishing sectors in the BSE 500 index.
The index is designed to track the performance of these stocks as determined by their quality score. This score is calculated on the basis of their trading frequency and free-float market capitalization.The S&P BSE TECk index comprises constituents of the S&P BSE 500 that are classified as members of the media & publishing, information technology & telecommunications sectors as defined by the BSE industry classification system.The S&P BSE TECk index comprises constituents of the S&P BSE 500 that are classified as members of the media & publishing, information technology & telecommunications sectors as defined by the BSE industry classification system.
The S&P BSE TECk index comprises constituents of the S&P BSE 500 that are classified as members of the media & publishing, information technology & telecommunications sectors as defined by the BSE industry classification system.
What is the criteria for companies to qualify for the BSE Technology index?
There are three criteria for companies to qualify for the BSE Technology index -
- Index - The stock must be a part of the BSE 500 index.
- Market cap - There is no market cap threshold, but the stock's index market cap is based on the three-month float-adjusted market cap as of the reference date.
- Liquidity - The stock must be traded for at least 90% of the trading days during the last three months.