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Trent and Bharat Electronics Limited (BEL) are set to join the Nifty 50 index, replacing Divi's Laboratories and LTIMindtree. As a result, investor attention will be sharply focused on the share prices of Trent and BEL share prices along with Divis Labs and LTIMindtree. These changes will take effect on September 30, 2024.
Tata Group's Trent and state-run Bharat Electronics Limited (BEL) will be included in the Nifty 50 index, effective September 30, 2024. This change comes as part of the semi-annual rejig by the National Stock Exchange (NSE), where Trent and BEL will replace Divi's Laboratories and LTIMindtree.
With the upcoming changes in the Nifty 50 index, Trent, BEL, Divi's Laboratories, and LTIMindtree share prices are expected to be in focus.
Trent's share price has seen a remarkable journey, especially since hitting a low of ₹365 on March 24, 2020, during the Covid-19 lockdown. Over the last four-and-a-half years, the stock has appreciated nearly 20 times, reflecting the strong performance of the Tata Group company.
BEL’s share price has also delivered substantial returns to its investors. In 2024 alone, the stock surged by 65%, with a 12-month gain of 130%, highlighting the company's robust growth trajectory. These performances have played a crucial role in their inclusion in the Nifty 50 index.
According to the NSE circular, the inclusion of Trent and BEL in the Nifty 50 index was based on their strong six-month average free-float market capitalisation. Both companies' market capitalisation was at least 1.5 times that of the smallest constituents, Divi's Laboratories and LTIMindtree, making them eligible for inclusion.
Divi's Laboratories, which joined the Nifty 50 index in 2020, and LTIMindtree, added just last year, will now be excluded from the index. Both companies will move to the Nifty Junior or the Nifty Next 50 index. This shift might lead to adjustments in their share prices as the market responds to their reclassification.
Apart from these changes, the Nifty Next 50 index will see new entrants like BHEL, JSW Energy, Macrotech, NHPC, and Union Bank of India, while stocks like Berger Paints, Colgate-Palmolive, Marico, SBI Cards, and SRF will be excluded.
In the Nifty Bank index, Bandhan Bank will be replaced by Canara Bank, while IRFC will be included in the Nifty PSE index, with LIC being excluded.
Additional Read: NIFTY 50 vs NIFTY Alpha 50
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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