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(13 Jun 2024, 18:21)

NSE launches new Nifty200 value 30 index targeting value investors


NSE Indices, a subsidiary of the National Stock Exchange of India (NSE), launched a new index aimed at investors seeking value stocks. The Nifty200 Value 30 Index tracks the performance of 30 companies selected from the broader Nifty 200 index based on their value characteristics.

The Nifty200 Value 30 uses a combination of metrics to identify undervalued companies, including earnings per share (E/P), book value per share (B/P), sales per share (S/P), and dividend yield. This approach focuses on companies with strong fundamentals that may be trading at a discount compared to their true worth.

The weight of each company in the Nifty200 Value 30 Index is determined by a combination of its value score and its free-float market capitalization. This weighting methodology helps to divers...

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