Nagarro has made it into the TecDAX, the index of the 30 largest technology companies in Germany, via the Fast Entry Rule. This change was announced by “Deutsche Börse Cash Market” in a press release on Friday, December 3.
The TecDAX lists 30 of the largest so-called “technology stocks”. Initially, all technology stocks were evaluated on a quarterly basis and included in a ranking list of the 35 largest stocks according to a graduated system. This ranking list is then used to decide which new stocks may be included in the TecDAX and which will be dropped. For some years now, this ranking list has been compiled on a monthly basis.
The criteria are:
- Admission to the Prime Standard
- Continous Trading on Xetra
- Free float of at least 10%
- Legal domicile or operational headquarters in Germany