Nifty Alpha 50 stocks list
NSEStrategy50 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 24.97
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 5.42
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.57%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −2.18%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −1.11%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- +2.80%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 28 Oct 2026
What the Nifty Alpha 50 companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 48 companies that filed both.
- +15.1%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 50 companies that filed it; a loss counts as negative.
- ₹83,884 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 50 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 50of 50
- Median ROCEMedian return on capital employed. The middle figure of the 36 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 18.6%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Revenue grew against a year earlier in 10 of the 10 quarters shown.
Profit after tax, ₹ crore, added up over the companies that filed
Largest profit ₹1,29,864 Cr, quarter to Mar 2026.
The largest companies
The 12 largest companies in the Nifty Alpha 50, each sized by its market cap.
Market cap, ₹ crore
- State Bank of India₹8,83,200 Cr
- Adani Power₹3,55,976 Cr
- TVS Motor Company₹2,01,432 Cr
- Hindalco Industries₹2,00,846 Cr
- Eicher Motors₹2,00,401 Cr
- Shriram Finance₹1,95,903 Cr
- Solar Industries India₹1,74,103 Cr
- Adani Energy Solutions₹1,58,250 Cr
- BSE₹1,42,148 Cr
- Bharat Heavy Electricals₹1,41,128 Cr
- Union Bank of India₹1,39,680 Cr
- Vodafone Idea₹1,28,495 Cr
Companies in the Nifty Alpha 50
Largest first, by market cap.
State Bank of IndiaSBIN · Banks₹956.80+1.24%₹8,83,200 Cr10.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.81%+2.9%
Shriram FinanceSHRIRAMFIN · Finance₹832.55+1.09%₹1,95,903 Cr15.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.30%+15.0%
Solar Industries IndiaSOLARINDS · Chemicals & Petrochemicals₹19,240.00−0.16%₹1,74,103 Cr87.4035.3%0.06%+38.9%
Union Bank of IndiaUNIONBANK · Banks₹182.98−0.88%₹1,39,680 Cr6.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.73%+24.4%
Hitachi Energy IndiaPOWERINDIA · Electrical Equipment₹28,435.00+0.14%₹1,26,742 Cr110.2025.4%0.03%+67.7%
Laurus LabsLAURUSLABS · Pharmaceuticals & Biotechnology₹2,181.90+1.86%₹1,17,891 Cr107.8019.8%0.09%+127.4%
Indian BankINDIANB · Banks₹839.80−0.02%₹1,13,118 Cr8.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.17%−1.5%
Canara BankCANBK · Banks₹117.82−0.16%₹1,06,870 Cr5.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.56%−9.4%
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,631.50+1.87%₹1,04,678 Cr122.401.3%None+24.6%
Aditya Birla CapitalABCAPITAL · Finance₹356.00+0.69%₹97,466 Cr23.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+13.9%
The Federal BankFEDERALBNK · Banks₹346.00+1.29%₹85,555 Cr16.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+46.7%
Ashok LeylandASHOKLEY · Agricultural, Commercial & Construction Vehicles₹144.85+2.01%₹85,083 Cr24.5011.9%2.42%+3.4%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,180.60−0.19%₹81,103 Cr52.6063.7%0.25%+74.4%
AU Small Finance BankAUBANK · Banks₹879.10+3.67%₹66,053 Cr20.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.11%−0.1%
Glenmark PharmaceuticalsGLENMARK · Pharmaceuticals & Biotechnology₹2,300.00+1.51%₹64,912 Cr36.1039.8%0.11%+26.7%
L&T FinanceLTF · Finance₹246.50+2.37%₹61,782 Cr18.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.12%−8.1%
Bank of IndiaBANKINDIA · Banks₹132.90+0.67%₹60,505 Cr4.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.50%−5.8%
National Aluminium CompanyNATIONALUM · Non - Ferrous Metals₹323.50+4.96%₹59,415 Cr8.8038.9%3.55%+36.6%
RBL BankRBLBANK · Banks₹349.95+0.40%₹54,300 Cr45.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.29%+7.6%
Sterlite TechnologiesSTLTECH · Telecom - Equipment & Accessories₹879.40−3.46%₹45,597 Cr60.3021.5%None+660.5%
Navin Fluorine InternationalNAVINFLUOR · Chemicals & Petrochemicals₹8,501.00+2.99%₹43,617 Cr55.2020.7%0.18%+70.1%
Karur Vysya BankKARURVYSYA · Banks₹350.20−0.11%₹33,854 Cr11.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.74%+40.7%
Acutaas ChemicalsACUTAAS · Pharmaceuticals & Biotechnology₹3,710.00−2.20%₹30,374 Cr69.2030.2%0.07%+116.4%
Manappuram FinanceMANAPPURAM · Finance₹288.75+0.80%₹27,123 Cr18.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.87%+4.5%
IIFL FinanceIIFL · Finance₹533.20+1.07%₹22,758 Cr9.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.75%+3.8%
Changes to the list
Each list of the index's companies against the one before it. The date is the list's own, the day the new list was published.
30 Sep 2026against the list of 9 Sep 2026
7 joined · 7 leftFunds that follow the Nifty Alpha 50
4 index funds and ETFs track the Nifty Alpha 50.
NAV of 27 Oct 2026
Kotak Nifty Alpha 50 ETFETF · Kotak Mahindra Mutual FundNAV₹49.69481Y+1.26%3Y+13.43%5Y–Size₹896 CrCost0.71%
Bandhan Nifty Alpha 50 Index FundIndex Fund · Bandhan Mutual FundNAV₹13.66941Y+1.13%3Y–5Y–Size₹600 CrCost0.74%- Kotak Nifty Alpha 50 Index FundIndex Fund · Kotak Mahindra Mutual FundNAV₹10.07001Y+0.96%3Y–5Y–Size₹46 CrCost1.09%
Motilal Oswal Nifty Alpha 50 ETFETF · Motilal Oswal Mutual FundNAV₹51.66281Y+1.07%3Y–5Y–Size₹5 CrCost1.03%
About the Nifty Alpha 50
Nifty Alpha 50 is an index of the 50 companies with the highest alphas among the top 300 listed on NSE by free-float market capitalisation and daily turnover, maintained by NSE Indices Limited.
How companies are chosen
A company must rank within the top 300 by average free-float market capitalisation and average daily turnover over the six months to Feb, May, Aug or Nov, have a listing history of 1 year, and have traded on 100% of days in the last year.
Alpha is calculated for each eligible company from its prices over the trailing 1 year, adjusted for corporate actions, and the companies are ranked from the highest. The top 50 form the index.
A buffer of 100% applies at each review: an existing member that ranks within the top 100 can be retained. Companies with negative alpha are not considered, except that an existing member with negative alpha stays if no company with positive alpha is in the eligible pool.
How it is weighted
Weights are set in proportion to each company's alpha at every rebalancing, so the company with the highest alpha has the highest weight.
When it is reviewed
The index is reviewed every quarter, using data for the six months ending on the last trading day of Feb, May, Aug and Nov. Changes take effect on the last trading day of Mar, Jun, Sep and Dec.
Base date and value
The index has a base date of 31 Dec 2003 and a base value of 1000. It was launched on 19 Nov 2012.
- Published by
- NSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 50
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 26 of 50
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
- Nifty100 Equal Weight100 companiesP/E 18.51
- BSE Low Volatility Index30 companiesP/E 24.41
- BSE Midcap 150 Momentum 3030 companiesP/E 23.66
BSE Select IPO70 companiesP/E 53.37
Nifty Midcap150 Quality 5050 companiesP/E 28.56
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 28.01
Nifty Top 10 Equal Weight10 companiesP/E 16.04
Nifty100 Quality 3030 companiesP/E 25.13
Nifty200 Alpha 3030 companiesP/E 16.72- Nifty200 Value 3030 companiesP/E 8.54