The NIFTY Metal Index is designed to reflect the behavior and performance of the Metals sector (including mining). The NIFTY Metal Index comprises of maximum 15 stocks. These Stocks are listed on the National Stock Exchange (NSE).
- Base Date: January 01, 2004
- Base Value: 1000
- Launch Date: July 12, 2011
- No of Constituents: 15
The Index is computed using the free-float market capitalization method. The index reflects the total free-float market value of all the stocks in the index relative to a particular base market capitalization value. NIFTY Metal Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Nifty Metal Index Stocks by Weightage
Weightage of each stock in the index is be calculated based on its free-float market capitalization such that no single stock shall be more than 34% and weightage of top 3 stocks cumulatively shall not be more than 63% at the time of rebalancing.
These are the Top Ten 10 Constituents by Weightage
- Coal India Ltd. 20.83 % Stock Weightage
- Tata Steel Ltd. 16.13 % Stock Weightage
- Hindalco Industries Ltd. 15.40 % Stock Weightage
- Vedanta Ltd. 15.17 % Stock Weightage
- JSW Steel Ltd. 13.00 % Stock Weightage
- NMDC Ltd. 5.42 % Stock Weightage
- Hindustan Zinc Ltd. 3.03 % Stock Weightage
- Jindal Steel & Power Ltd. 2.60 % Stock Weightage
- National Aluminium Co. Ltd. 2.28 % Stock Weightage
- Steel Authority of India Ltd. 2.12 % Stock Weightage
Weightage of each stock in the index is be calculated based on its free-float market capitalization such that no single stock shall be more than 34% and weightage of top 3 stocks cumulatively shall not be more than 63% at the time of rebalancing.
Fundamental PE (P/E) and PB (P/B) Ratio and Dividend Yield of Metal index
- P/E: 10.2
- P/B: 1.19
- Dividend Yield: 4.37 %
List of Companies with Symbol
The base date of the index is January 1, 2004, and the base value of 1000 points. Effective September 28, 2015, the weights of each company in the index is capped at 20% (until March 29, 2019).
![Top Aluminium [Producer] Companies in India](https://indiancompanies.in/wp-content/uploads/2021/01/List-of-Indian-Aluminium-Company.jpg)
| Company Name | Symbol |
| APL Apollo Tubes Ltd. | APLAPOLLO |
| Coal India Ltd. | COALINDIA |
| Hindalco Industries Ltd. | HINDALCO |
| Hindustan Copper Ltd. | HINDCOPPER |
| Hindustan Zinc Ltd. | HINDZINC |
| JSW Steel Ltd. | JSWSTEEL |
| Jindal Steel & Power Ltd. | JINDALSTEL |
| MOIL Ltd. | MOIL |
| NMDC Ltd. | NMDC |
| National Aluminium Co. Ltd. | NATIONALUM |
| Ratnamani Metals & Tubes Ltd. | RATNAMANI |
| Steel Authority of India Ltd. | SAIL |
| Tata Steel Ltd. | TATASTEEL |
| Vedanta Ltd. | VEDL |
| Welspun Corp Ltd. | WELCORP |
Historical Chart With Return
This is the Chart that shows return from Nifty metal index from the year 2003 to 2020.
Since Inception the Indices has given a Total Return of 6% CAGR for the last 16 years which is very low return when Compared to other Sectors.
