Even As The Buyback Talks Gain Momentum For IT Stocks Several
Of The Growth Investors Must Be Wondering If The IT Stocks Are Growth Stocks
Anymore.
What Confirms The Argument Is The Fact That NSE In This Week Replaced All Technology Stocks Which Where Hitherto Index Constituents Of Nifty Growth Sector 15 Index With Consumer-Oriented Ones.
This Week Also Saw Idea And BHEL Being Removed From NIFTY 50 And Replaced With IOC And India Bulls Housing Ltd.
Overall, NSE Made Changes To Almost 23 Of Its Indices And The Changes Will Be In Effect From March 31.
As Of Now The Nifty Growth Index Which Consists Of 15 Growth Stocks Has Four IT Stocks Viz., HCL Technologies Ltd, Infosys Ltd, TCS Ltd And Wipro. Put Together The Weight Age Of The Four IT Stocks In The Index Is 37.02%.
Asian Paint Is Another Stock That Has Been Replaced.
NSE Index That Focuses On Growth Will Now Include Consumer Stocks Like Britannia Industries Ltd, Godrej Consumer Products Ltd, Mahindra & Mahindra Ltd, Marico Ltd And Zee Entertainment Enterprises Ltd.
With This Shift In The Strategy Index, Growth Investors May Well Have A Reason To Re-Think About IT Stocks As Growth Stocks.
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calls...?What Confirms The Argument Is The Fact That NSE In This Week Replaced All Technology Stocks Which Where Hitherto Index Constituents Of Nifty Growth Sector 15 Index With Consumer-Oriented Ones.
This Week Also Saw Idea And BHEL Being Removed From NIFTY 50 And Replaced With IOC And India Bulls Housing Ltd.
Overall, NSE Made Changes To Almost 23 Of Its Indices And The Changes Will Be In Effect From March 31.
As Of Now The Nifty Growth Index Which Consists Of 15 Growth Stocks Has Four IT Stocks Viz., HCL Technologies Ltd, Infosys Ltd, TCS Ltd And Wipro. Put Together The Weight Age Of The Four IT Stocks In The Index Is 37.02%.
Asian Paint Is Another Stock That Has Been Replaced.
NSE Index That Focuses On Growth Will Now Include Consumer Stocks Like Britannia Industries Ltd, Godrej Consumer Products Ltd, Mahindra & Mahindra Ltd, Marico Ltd And Zee Entertainment Enterprises Ltd.
With This Shift In The Strategy Index, Growth Investors May Well Have A Reason To Re-Think About IT Stocks As Growth Stocks.
Very usfull blog.
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