High Possibility of Adani Enterprises Entering Nifty

Gujarat News, Gujarati News, Latest Gujarati News, Gujarat Breaking News, Gujarat Samachar.

Latest Gujarati News, Breaking News in Gujarati, Gujarat Samachar, ગુજરાતી સમાચાર, Gujarati News Live, Gujarati News Channel, Gujarati News Today, National Gujarati News, International Gujarati News, Sports Gujarati News, Exclusive Gujarati News, Coronavirus Gujarati News, Entertainment Gujarati News, Business Gujarati News, Technology Gujarati News, Automobile Gujarati News, Elections 2022 Gujarati News, Viral Social News in Gujarati, Indian Politics News in Gujarati, Gujarati News Headlines, World News In Gujarati, Cricket News In Gujarati

High Possibility of Adani Enterprises Entering Nifty

| Updated: May 31, 2022 11:33

According to Edelweiss Alternative & Quantitative Research, Adani Enterprises has a ‘high possibility’ of replacing Shree Cement in the benchmark Nifty in September’s semi-annual index review.

The modifications to the index will be revealed in the second half of August, with a September 30 rebalancing date. Adani Enterprises has a good chance of entering the Nifty in the next reshuffle.

According to Edelweiss, the recently listed Life Insurance Corporation of India could make it into the Nifty Next 50 index.

The Nifty Next 50 might potentially include Tata Power, Adani Wilmar, IRCTC, Mphasis, Motherson Sumi Systems, and Shree Cement.

Lupin, Jubilant Foodworks, Zydus Lifesciences, Punjab National Bank, SAIL, and Adani Enterprises may be dropped from the Nifty Next 50 index.

Although Adani Green Energy, Avenue Supermarts, and Adani Transmission have a significantly higher average free float market capitalisation than most of the current Nifty 50 constituents, they have not been included in the benchmark index in recent reviews because they do not trade in futures and options. A stock must be in the derivatives sector in order to be included in the Nifty 50. According to Pagaria, if any of these stocks are included in the derivatives category before the index revisions are announced, they would be added to the Nifty 50 index.

Also Read: Adani Enterprises Forms Subsidiary To Foray Into Healthcare Business

Your email address will not be published. Required fields are marked *