![CNX Auto](/uploads/5/7/2/2/57226809/1324379.png?166)
The CNX Auto Index is designed to reflect the behaviour and performance of the Automobiles sector which includes manufacturers of cars & motorcycles, heavy vehicles, auto ancillaries, tyres, etc. The CNX Auto Index comprises of 15 stocks that are listed on the National Stock Exchange.
Market Representation
Selection Criteria
The criteria for the CNX Auto Index include the following:
Market Representation
- The CNX Auto Index represents about 8.47% of the free float market capitalization of the stocks listed on NSE and 90.69% of the free float market capitalization of the stocks forming part of the Automobiles sector universe as on March 31, 2015.
- The total traded value for the last six months ending March 2015 of all index constituents is approximately 8.59% of the traded value of all stocks on NSE and 85.02% of the traded value of the stocks forming part of the Automobiles sector universe.
Selection Criteria
The criteria for the CNX Auto Index include the following:
- Companies must rank within the top 500 companies by average free-float market capitalisation and aggregate turnover for the last six months.
- The company's trading frequency should be at least 90% in the last 6 months.
- The company should have reported a positive net worth.
- The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfils the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
- Final selection of 15 companies shall be done based on the free-float market capitalization of the companies.
- The review will take place on a semi-annual basis.
- Below is the list of stocks included in this index.