Nagarro, a global leader in digital engineering, today announced that it will be added to the Frankfurt Stock Exchange’s prestigious TecDAX index. The TecDAX tracks the 30 most significant technology stocks traded on the exchange. Admittance to the list is largely based on the free-float market capitalization. Nagarro will join the TecDAX almost exactly one year after being listed on the stock exchange and nearly six months after being added to the SDAX index.
Nagarro’s inclusion in these indices has been driven by a strong share price performance since its listing in December 2020, which in turn reflects strong business growth. From the opening price at the time of the listing, Nagarro’s share price has grown to over 2.5x in value.
“We are proud to join an index that includes companies such as SAP,” said Anurag Sahay, Managing Director. “At the same time, we see this as simply another milestone on a long, rewarding journey for Nagarro. We look forward to more such milestones.”