Like there are sectoral indices, there is Nifty MNC index comprising all the MNC stocks listed on NSE. In such companies foreign shareholding or stake is more than 50 percent and/ or the management control is vested in the foreign company. In all there are 30 listed companies which form the part of Nifty MNC. This Nifty MNC is further classified as a thematic index.
Sectoral distribution of the Nifty MNC constituents
|Cement and Cement products||4.86%|
|Oil and Gas||1.35%|
Top Nifty MNC constituents by weightage
|Company's Name Weight(%)|
|Hindustan Unilever Ltd. 10.10|
|Nestle India Ltd. 10.08|
|Maruti Suzuki India Ltd. 9.83|
|Britannia Industries Ltd. 8.37|
|Vedanta Ltd. 6.46|
|Ambuja Cements Ltd. 4.86|
|Colgate Palmolive (India) Ltd. 4.37|
|United Spirits Ltd. 3.83|
|Siemens Ltd. 3.50|
|Ashok Leyland Ltd. 3.43|
All Nifty MNC constituents
3. Ambuja Cements
4. Ashok Leyland
5. Bata India
13. Hexaware Tech
14. Honeywell Auto
16. Kansai Nerolac
17. Maruti Suzuki
21. Oracle Financial Service
24. Sanofi India
25. SKF India
26. United Spirits
28. Vodafone Idea
Now, going by the performance of Nifty MNC index it has been 30.10% for the last 1 year, while for the YTD basis it is 11.87%.
Over a 1-year period, the stock of Vedanta has offered a return of 139.67% while YTD return has been 63.89%. The mining and mineral company is led by Anil Agarwal. The stock commands a market cap of Rs. 98,338.37 Cr.The company is a major diversified company into natural resources with interest across zinc-lead-silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. The stock of Vedanta quoted at a price of Rs. 264.55
2. Ashok Leyland:
The tractor and light commercial vehicle company has in the last one year generated a return of 138 percent. This is a large cap company with a m-cap of Rs. 36,386 crore. Last the stock traded at a price of Rs. 123.95 per share.
This is a IT services and consulting firm that is another large cap firm and commands a market cap of Rs. 40.689 crore. The MNC stock over the last year has delivered 1-year return of 136%, while its year to date performance has been at 41.09% against Sensex return of 10% on an absolute basis during the same time frame. Major services or offerings of the company include infrastructure technology and applications outsourcing services, together with architecture guidance, application development and integration, and application management services.
The stock of Mphasis last traded at Rs 2176.40.
4. Cummins India:
This is the largest entity of Cummins in India and is the country's top manufacturer of natural gas and diesel engines. The company's 3 business units include - Engine, Power Systems, and Distribution. In the last 1-year the scrip of Cummins India has provided return of 110.7%, while YTD return has been 50.9%.
Cummins India is a large cap with m-cap of Rs. 24,022 crore.
5. Aavas Financier:
Aavas Financiers is a Jaipur based housing finance company that extend home loans to semi-urban and rural areas of the country. In the 1-year the company offered 117% return and last traded at a price of Rs. 2924.70. The company is again a large cap scrip with the market capitalization of Rs. 22,924 crore. The company started operations in 2012.
Should You Invest In MNC Stocks In India 2021?
The 30 MNCs listed on Indian exchanges have access to better technology, supremacy in network, better business model, better financial standing as well as well experienced and highly equipped management team. Further these companies' feature better corporate governance policies and hence investors looking to take global exposure by diversifying in global brands can participate in their growth story.