Trent, BEL may replace LTI Mindtree, Divi’s in Nifty rejig

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Retailer and hypermarket operator and state-owned are likely to replace and in the forthcoming in the , according to an estimate by Alternative & Quantitative Research.

The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into and $ 361 million or Rs 3,000 crore into Bharat Electronics, the brokerage said. The upcoming September 2024 rejig will be an action where we could see two stocks replacing the market's underperformers.

will consider the average over the six months ending in July to decide on the stock replacement. The official announcement will occur in the latter half of August, with the adjustment taking place on September 30.

If Sebi approves the inclusion of and into the F&O segment before the rejig announcement by NSE in August, they will have a higher chance to make it to Nifty over Trent and Bharat Electronics, said Nuvama.

have rallied 80% in the last six months, while gained 60%.

Nifty exit will result in an outflow of $186 million (Rs 1,500 crore) from and $ 213 million (Rs 1,750 crore) from .

LTI Mindtree shares plunged 13% in the past six months, while Divi’s Lab stock gained 9% during this period.

Source: Stocks-Markets-Economic Times