From Jan 6, three newly listed companies – Groww, Lenskart and Tata Motors’ commercial‑vehicle unit – will become part of the BSE LargeCap index.
Who’s joining the BSE LargeCap index?
The Bombay Stock Exchange (BSE) announced that the following stocks will be added to its LargeCap basket:
- Groww – the stock‑broker platform backed by Billionbrains Garage Ventures.
- Lenskart – the eyewear retailer listed under Lenskart Solutions.
- Tata Motors CV – the commercial‑vehicle business that was demerged from Tata Motors.
All three will also appear in the BSE All‑Cap and BSE LargeMidCap indices. In addition, Groww will be part of the BSE Financial Services index, while Lenskart will join the BSE Consumer Discretionary index.
What this means for investors
Being in the LargeCap index often brings more visibility and can attract passive funds that track the index. This may lead to higher trading volumes and potentially more stable price movements over time. For retail investors, the change could mean easier access to these stocks through index‑based funds or ETFs.
Recent share‑price performance
- Groww debuted on Nov 12 at a 12% premium to its IPO price (₹112). It climbed to an intraday high of ₹175.50, later settling around ₹164.50, giving the company a market cap of roughly ₹1,01,605 cr.
- Lenskart listed on Nov 10 at ₹395, a discount to its IPO price. After a strong subscription (over 28‑times the offer), the shares slipped a little to about ₹454.85, with a market cap of about ₹78,954 cr.
- Tata Motors CV opened at ₹335 on Nov 12 and is now trading near ₹410, down about 4% from its recent level, with a market cap of roughly ₹1,51,196 cr.
Remember, this is my perspective, not a prediction. Do your own research before making any investment decisions.