Effective from 7 October 2014
The Bombay Stock Exchange (BSE) has decided to increase the list of stocks in its 'A' group. From present 200 stocks, the list will be expanded to 300 stocks with effect from 7 October 2014, the BSE said today, 24 September 2014. The present criteria for Group 'A' stocks considers market capitalization and liquidity of securities. While market capitalization and liquidity will continue to be major components constituting 75% weight in the evaluation, the BSE has now decided to also consider other factors like corporate governance, compliance track record, Responsible/Sustainable Investment for evaluation/review of 'A' Group stocks. While market capitalization and liquidity will continue to be major components constituting 75% weight in the evaluation, balanced 25% weight will be allocated to corporate governance (10%), compliance track record (10%), and Responsible/Sustainable Investment (5%).
The number of listed companies on BSE increased from 4,732 in March 2004 to 5,458 in August 2014. The average number of daily traded stocks on BSE has also increased over a period and presently around 3,000 companies are traded daily on BSE.
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