Source – Business Today
The country's premier stock exchange BSE on Wednesday launched 'BSE-Greenex', the first environmental friendly equity index, which will enable investors take more informed decisions in the green theme of India.
BSE in association with gTrade (supported by GIZ promoted by Germany, Observer Research Foundation and IIM Ahmedabad) has constructed BSE-Greenex, designed specifically to promote green investing, with emphasis on financial performance and long-term viability of companies. It is based upon purely quantitative and objective performance signals to assess carbon performance.
BSE-Greenex includes top 20 companies based on Green House Gas Numbers, Free Float Market capitalisation and turnover. These companies include Tata Steel, SBI, L&T, ICICI Bank, Tata Motors, Sun Pharmaceuticals, NTPC, Dr Reddy's Labs, HDFC, Bharat Heavy Electricals, GAIL, Hindustan Unilever, Cipla, Sterlite Industries, Tata Power, Ambuja Cements, Lupin, DLF, Glaxosmithkline and Reliance Infrastructure.
Team CrawFin/ Harshal Jawale, CFP
Other Index details ---
Launched – 22 Feb, 2012
Launch Price – 1500
Current Market Price – 1475 (as on 23rd Feb)
P/E – 18.9
P/B – 2.9
Turnover – above 200 Crore daily
Since there is no other incentive to companies to be a part of this index, I do not expect any price improvement in the stock prices or index. Investment is advisable only if one wish to purchase this basket of stocks instead of Sensex or Nifty or any other basket. Launch of green theme by MF houses may attract investments into these stocks thereby resulting price improvement in future.
“Wealthy Investment needs Healthy Methods”
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