The Adani Group’s flagship firm, Adani Enterprises, will replace Shree Cement in the Nifty 50 index, the National Stock Exchange announced on Thursday.
This will be the second stock from billionaire Gautam Adani’s organization to be listed on the Nifty after Adani Ports. The modifications go into effect on September 30.
Shares of Adani Enterprises have increased by nearly 88% this year, while those of Shree Cement has fallen by 21%.
Various indices have undergone adjustments as a result of the NSE’s periodic evaluation. In its Nifty Next 50 index, the exchange features firms like Adani Total Gas, Bharat Electronics, Hindustan Aeronautics, IRCTC, Mphasis, Samvardhana Motherson, and Shree Cement.
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