Adani Enterprises has high chance of entering Nifty in next rejig
The recently-listed
could make it to the Nifty Next 50 index, according to Edelweiss.
Tata Power,
, IRCTC, , and Shree Cement could also get added to the Nifty Next 50.
Lupin,
, , , SAIL and could get excluded from the Nifty Next 50.
Adani Green Energy,
and have an average free float market capitalisation that is significantly higher than most of the current Nifty 50 constituents but they have not been included in the benchmark index in the past few reviews as they are not part of the futures and options segment. For inclusion in the Nifty 50, a stock should compulsorily be part of the derivatives segment. Pagaria said if any of these stocks gets included in the derivatives segment till the date of the index changes announcement, they would make it to the Nifty 50 index.
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