The BSE India Manufacturing Index, commonly referred to by its ticker symbol MFG, serves as a benchmark for tracking the performance of manufacturing companies listed on the Bombay Stock Exchange. Unlike individual stocks, this index represents a weighted collection of approximately 30 manufacturing sector stocks, offering investors a broader view of India’s industrial landscape. Recent market data from multiple financial platforms shows the index trading in the range of ₹1,045 to ₹1,092, though prices fluctuate throughout trading sessions and may vary between sources depending on when data was last updated.
What is the Current MFG Share Price?
Investors seeking the current MFG share price should be aware that several financial platforms provide real-time or near-real-time data, though slight variations occur due to different update timestamps. As of mid-March 2026, one platform recorded a price of ₹1,045.18, representing a 0.99% increase from the previous close of ₹1,034.95. Another source showed the index at ₹1,092.21 with a 1.72% decline during its most recent tracked session, with an opening price of ₹1,103.62, intraday high of ₹1,104.24, and low of ₹1,090.64.
Market prices update continuously during trading hours. Weekend and holiday closures mean no single “today” price exists—checking live platforms such as BSE or NSE directly provides the most current data. Historical snapshots from different sources reflect the time each platform refreshed its feeds.
Overview of Current Trading Session
During one recent trading session, the MFG index opened at ₹1,038.43, reached an intraday high of ₹1,048.24, and dipped to a low of ₹1,034.18 before closing. Another tracked session showed an opening price of ₹1,054.46, with the index climbing to ₹1,062.47 before settling at ₹1,061.40, reflecting a modest gain of 0.55%.
Current Price: ₹1,045.18 | Today’s Change: +0.99% | Session Open: ₹1,038.43 | Intraday High: ₹1,048.24 | Intraday Low: ₹1,034.18
- The index has shown sensitivity to broader market movements, with Nifty 100 recording a 1.34% decline during the same period, reaching approximately 26,092
- India VIX, a measure of market volatility expectations, stood at 19.79 during recent sessions
- Trading volume fluctuations correspond with sector-specific news and broader economic announcements
- Top gainers within the index constituents have reached prices of ₹1,001.90 with 2.91% gains and ₹4,936.90 with 1.98% advances
- Top losers have shown declines of up to 2.74%, with one constituent trading at ₹1,442.20
- Markets are closed on weekends and public holidays, so no live price updates occur during these periods
| Metric | Value | Change |
|---|---|---|
| Previous Close | ₹1,034.95 | — |
| Session Open | ₹1,038.43 | — |
| Intraday High | ₹1,048.24 | — |
| Intraday Low | ₹1,034.18 | — |
| P/E Ratio | 20.87–21.3 | — |
| Dividend Yield | 1.57–1.65% | — |
What is the 52-Week High and Low for MFG?
Understanding the 52-week range provides essential context for evaluating the MFG index’s current position within its historical trading band. Multiple sources confirm the 52-week high stands between ₹1,121.38 and ₹1,121.46, representing the peak level the index has reached over the past twelve months. The lowest point during the same period ranges from ₹875.54 to ₹916.33, depending on the source and specific tracking methodology.
Historical Performance Across Different Timeframes
Beyond the standard 52-week measurement, examining performance across multiple periods offers a more comprehensive view of the index’s behavior. Over three months, the index fluctuated between ₹1,018.98 and ₹1,121.46. The one-year range spans from ₹875.54 at the low end to ₹1,121.46 at the high. Looking further back, the three-year performance shows a high of ₹1,156.01 and a low of ₹659.33, while the five-year high also reached ₹1,156.01.
Unlike individual company stocks, the MFG index aggregates approximately 30 manufacturing companies. Market capitalization for the index as a whole is not directly calculated, though top constituents like Reliance Industries command significant individual valuations, with Reliance alone representing approximately ₹17.3 lakh crore. This structural difference means standard metrics like EPS apply differently to indices than to individual securities. Investors interested in understanding how indices work compared to individual stocks may find it helpful to review investment fundamentals for additional context.
| Period | High | Low |
|---|---|---|
| 3 Month | ₹1,121.46 | ₹1,018.98 |
| 1 Year | ₹1,121.46 | ₹875.54 |
| 3 Year | ₹1,156.01 | ₹659.33 |
| 5 Year | ₹1,156.01 | Not specified |
Recent Return Performance
Return metrics reveal the index’s mixed performance over various holding periods. The one-year return has been negative, ranging from -2.69% to -3.18% depending on the specific calculation dates. Shorter periods show divergent results: the three-month return stands at -1.06%, while the one-month return demonstrates a positive 7.78% gain. The six-month performance shows a more encouraging 15.28% increase, and the five-year total return reaches 100.21%, effectively doubling the index’s value over that extended period.
Recent daily closes during January and February 2026 illustrate the index’s volatility, with sessions closing at ₹1,048.23 (down 3.04%), ₹1,081.10 (down 0.56%), and ₹1,087.17 (up 0.39%). Technical analysis and forecasting ideas for the index are available on TradingView under the symbol BSE:MFG, where analysts and traders share their market perspectives.
Does MFG Pay Dividends and What is its PE Ratio?
The MFG index carries a dividend yield ranging from 1.57% to 1.65%, according to data from financial platforms tracking the index. This yield represents the aggregate dividend payments from constituent companies weighted by their representation in the index. Investors interested in dividend-focused strategies should note that different constituents have varying dividend policies, with the overall index yield reflecting this mix.
Valuation Metrics and Financial Indicators
The price-to-earnings ratio for the MFG index stands between 20.87 and 21.3, indicating how investors are valuing the combined earnings of the manufacturing companies within the index. This valuation multiple suggests the market prices the aggregate earnings of manufacturing sector constituents at roughly 21 times their collective earnings per share. While the P/E ratio provides a useful benchmark for comparison against other indices or sectors, investors should recognize that different companies within the index contribute varying valuations to this aggregate figure.
Earnings per share data is not specified for the index as an aggregate because individual constituent companies report their own EPS figures. Similarly, market capitalization applies to individual companies rather than the index itself. The approximately 30 stocks tracked by the index each carry their own financial profiles, making the index most useful as a sector-wide performance benchmark rather than for analyzing individual company fundamentals.
Key constituents within the index include major Indian companies with established market presence. Reliance Industries trades around ₹1,275.10, HDFC Bank around ₹1,522.15, and TCS around ₹2,258.85. Most top constituents receive BUY ratings from analysts, including major names like Reliance and TCS, suggesting positive sentiment toward the manufacturing sector’s leading players.
What is the MFG Share Price Target?
Investors frequently search for price targets and forecasts for the MFG index, though comprehensive forward-looking projections are limited in available sources. No specific price target for 2025 or 2026 has been officially established across the financial platforms reviewed. However, the index’s five-year total return of 100.21% demonstrates significant long-term appreciation potential within India’s manufacturing sector.
Analyst Perspectives and Investment Considerations
Most top constituents within the MFG index carry BUY ratings from financial analysts, with prominent names like Reliance Industries and TCS receiving favorable analyst coverage. Technical analysis tools available on platforms such as TradingView provide market ideas and forecasts that traders and investors can reference for shorter-term perspectives. However, no consensus price target exists for the index as a whole, reflecting the inherent uncertainty in forecasting sector-wide performance.
No specific MFG share price target for 2025 or beyond has been officially established in the sources reviewed. Forward-looking projections for indices involve significant uncertainty due to macroeconomic factors, sector-specific developments, and broader market conditions. Investors should approach any price targets or forecasts with appropriate caution and conduct their own research before making investment decisions.
The decision of whether MFG represents a good investment depends on individual risk tolerance, investment horizon, and portfolio objectives. The index’s 15.28% return over six months and 100.21% return over five years suggest potential for long-term growth, though the negative one-year returns indicate recent volatility and underperformance. Investors interested in the manufacturing sector should consider how MFG fits within their overall portfolio strategy.
What are the Latest MFG Stock News and Updates?
The MFG index, as a sector benchmark, moves in response to broader manufacturing sector developments rather than company-specific announcements. Recent trading sessions have shown the index responding to overall market conditions, with the Nifty 100 index declining 1.34% during one tracked period, reaching approximately 26,092. The India VIX, measuring market volatility expectations, stood at 19.79, suggesting elevated but not extreme market uncertainty.
Where to Find Live Updates and Charts
For investors seeking real-time updates, several financial platforms provide live charting and analysis capabilities. Moneycontrol, Upstox, ICICI Direct, and other established platforms offer continuous price updates, historical charts, and sector-specific analysis. These resources enable investors to track the index throughout trading sessions and access historical data for their own analysis.
The BSE official website and NSE platforms represent the most authoritative sources for index data, as they serve as the exchanges where the underlying stocks trade. Data inconsistencies between platforms typically reflect different snapshot times rather than errors, making it advisable to prioritize the most recent updates from authoritative sources.
For detailed constituent-level analysis, investors can explore the individual stocks that make up the manufacturing index. Major holdings include companies across various manufacturing subsectors, from industrial production to consumer goods manufacturing. Understanding the composition helps contextualize index movements and sector-specific performance drivers.
Understanding MFG as an Index
Distinguishing between the MFG index and individual stocks is essential for accurate interpretation of price data. The BSE India Manufacturing Index functions as a benchmark tracking approximately 30 manufacturing companies listed on the Bombay Stock Exchange. Unlike purchasing shares in a single company, investing in an index typically involves index funds or exchange-traded funds that replicate the index’s holdings.
The index serves different purposes than individual stock analysis. Investors use it to gauge overall sector performance, compare individual stock returns against the broader manufacturing sector, and assess sector rotation strategies. The index’s movements reflect aggregate performance rather than any single company’s results. Those new to index investing may benefit from exploring index fund basics to better understand how sector benchmarks function within a diversified portfolio.
Information Certainty and Data Limitations
| Established Information | Unclear or Limited Information |
|---|---|
| Current trading range: ₹1,045–₹1,092 | Specific EPS for the index aggregate |
| 52-week high: ₹1,121.38–₹1,121.46 | Total market capitalization for the index |
| 52-week low: ₹875.54–₹916.33 | Official price targets for 2025 or 2026 |
| P/E Ratio: 20.87–21.3 | Quarterly earnings schedule for the index |
| Dividend Yield: 1.57–1.65% | Individual constituent quarterly results |
| 5-year return: 100.21% | Short-term forecast consensus |
Several data points remain unclear or unavailable for the MFG index as an aggregate instrument. Individual company earnings per share figures do not apply to indices in the same way they apply to stocks. Total market capitalization for the index itself is not calculated, though individual constituents have their own market capitalizations. Price targets and forecasts specifically for the index as a whole are not established in available sources, and the index does not have quarterly results since it represents multiple companies rather than a single entity.
Summary
The BSE India Manufacturing Index represents a sector-wide benchmark tracking approximately 30 manufacturing companies on the Bombay Stock Exchange. Current price levels hover between ₹1,045 and ₹1,092, with the index trading near the upper portion of its 52-week range. The 52-week high of approximately ₹1,121 and low of around ₹890 define the index’s recent trading boundaries. A P/E ratio near 21 and dividend yield around 1.6% characterize the index’s current valuation profile. Long-term performance shows 100% appreciation over five years, though recent one-year returns remain slightly negative. Investors seeking live data should consult authoritative platforms directly, as index prices fluctuate continuously during market hours.
Frequently Asked Questions
What is the MFG index exactly?
The MFG index, or BSE India Manufacturing Index, is a stock market index that tracks the performance of approximately 30 manufacturing companies listed on the Bombay Stock Exchange. It serves as a benchmark for India’s manufacturing sector rather than representing a single company.
How can I check the live MFG share price?
Live MFG index prices are available through financial platforms such as Moneycontrol, Upstox, ICICI Direct, and Dhan. The BSE and NSE official websites also provide authoritative real-time data. Prices update continuously during trading hours and pause during market holidays and weekends.
Has the MFG index performed well over time?
The MFG index has shown 100.21% total return over five years, effectively doubling in value. However, recent one-year returns range from -2.69% to -3.18%, indicating short-term volatility. Performance varies significantly across different time periods.
What is the MFG index dividend yield?
The MFG index carries an aggregate dividend yield of approximately 1.57% to 1.65%. This represents the weighted average dividend payments from all constituent companies within the manufacturing sector index.
What companies make up the MFG index?
The index includes approximately 30 manufacturing companies listed on BSE, with major constituents including Reliance Industries, TCS, and HDFC Bank. These companies span various manufacturing subsectors within India’s industrial economy.
Is there a price target for MFG?
No specific official price target for the MFG index has been established in available sources. While technical analysis tools on platforms like TradingView offer trader perspectives, investors should conduct their own research and consult professional financial advisors for investment decisions.
Can I buy shares of the MFG index directly?
The MFG index itself cannot be purchased directly as it represents a calculation of multiple stocks. However, investors can gain exposure through index mutual funds, exchange-traded funds (ETFs), or futures contracts that track the index’s performance.
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Sarah McKenzie is Managing Editor at Australia Current, overseeing daily newsroom workflow, commissioning and headline review.