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These Adani & Top PSU Stocks Can Be Listen In Nifty 50: Edelweiss
According to a recent Edelweiss Alternative & Quantitative Research some top Adani, and PSU stocks can be listed in the Nifty 50 soon. In its pre-emptive analysis of the Semi-Annual Index (SAIR) September 2022 Rejig for Nifty indices stated that Adani Wilmer (AWLTD), Indian Railway Catering and Tourism Corporation (IRCTC Ltd), Motherson, Bharat Electronics Ltd (BEL), and Hindustan Aeronautics Ltd (HAL) can find their position in the Nifty 50. However, the final list of Nifty 50 will be officially announced in the H2 of August 2022. Edelweiss also thinks that Lupin Ltd (LPC), Jubilant Foodworks (JUBI), Zydus Lifesciences (ZYDUSLIF), Punjab National Bank (PNB), and Steel Authority of India (SAIL) can be excluded from the list, English Daily Mint reports.
In addition to that, Edelweiss stated, "Adani Enterprises has moved up approximately 42% and SRCM is down by 4%. As we have been highlighting the momentum will continue till the rebalance date as both the stocks have limited free float." The above-mentioned preliminary analysis mentions that Adani Enterprises has a chance to remove Shree Cements from the Nifty 50 index.
The current market price of Adani Wilmer (AWLTD) is Rs. 708.05, up by 2.04% in the intra day trading. Its share price gained 163.95% in the past 1 year.
The current market price of Indian Railway Catering and Tourism Corporation (IRCTC) is Rs. 672, up by 0.58% in the intra day trading. Its share price gained 23.57% in the past 1 year.
The current market price of Motherson is Rs. 131.90, up by 2.61% in the intra day trading. Its share price fell 38.45% in the past 1 year.
The current market price of Bharat Electronics Ltd (BEL) is Rs. 291.25, down by 0.85% in the intra day trading. Its share price gained 67.29% in the past 1 year.
The current market price of Hindustan Aeronautics Ltd (HAL) is Rs. 2,289.65, down by 0.33% in the intra day trading. Its share price gained 104.41% in the past 1 year.
(Data on stock price till August 17, 2022)
