Trent Ltd. and Bharat Electronics Ltd. are strong contenders for the inclusion in the Nifty 50 Index September rejig and will see inflow of $429 million and $361 million respectively, according to Nuvama Research.
LTIMindtree Ltd. and Divis Laboratories Ltd. are set to exit from Nifty 50 Index as per Nuvama's Nifty September Rejig, expecting the outflow of $186 million and $213 million respectively.
Nuvama believes Trent and Bharat Electronics will replace LTIMindtree and Divis laboratories in the 50-share Nifty benchmark with effect from September 2024.
So, LTIMindtree and Divis laboratories shares may see downsides in the coming days, while Trent and Bharat Electronics may attract fund flows.
Alternate Scenarios
New F&O Inclusions
Nuvama believes if SEBI approves F&O inclusion for Zomato and Jio Financial Services before announcement by NSE Indices in August, they will have a higher chance to make it to Nifty 50 September rejig and Trent and Bharat Electronics making the cut.
Outperforming Stocks
If Divis laboratories outperformed then it's probable replacement by Bharat electronics by 25% or so very soon and maintains that outperformance till the end of July, only then it could be saved.
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