Trent, BEL likely Nifty entrants in September rejig, trump Jio Financial, Zomato. Here's how

The two stocks have trumped Jio Financial Services and food delivery platform despite lower average free float market capitalisation. While Jio's free float market cap on Tuesday stood at Rs 1.13 lakh crore (total at Rs 2.23 lakh crore), that of hovered around Rs 1.07 lakh crore (total at Rs 1.62 lakh crore).

Both Jio and Zomato are likely misses as they are not a part of the F&O segment, JM noted.

The announcement is scheduled in August while the rejig will be effective from September 30.

Trent's likely inclusion in the 50-stock Nifty50 index will come on the back of multibagger returns of Rs 2,085 in the past 12 months. In 2024, so far, the counter has delivered 64% returns.

BEL has been another multibagger, yielding 141% returns in the last one year, and 55% so far in 2024.

Contrast this to LTIMindtree, the stock has been flat on a one-year basis while witnessing its price erode by over 20% on the YTD basis. As for Divi's Laboratories, the 1-year and YTD returns stand at 31% and 15%, respectively.

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Trent shares were trading at 4,903.95 on the NSE, minutes before the market closing time, down by Rs 65.50 or 1.32%. BEL was up by Rs 2.75 or 0.97% and traded at 286.15.

Meanwhile, LTIMindtree and Divi's Lab shares were down by up to 1.6%.

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