[ad_1]
India’s largest bourse the National Stock Exchange of India (NSE) today announced that Adani Enterprises would be included in the headline index Nifty50 in place of .
The decision was taken after a semi-annual review of broad market indices by the exchange. Shares of
have rallied over 88 per cent year-to-date in 2022, taking its market cap to Rs 3.68 lakh crore.
The stock of the flagship company of the Adani Group is now the 17th largest listed company in India based on its total market capitalisation. Adani Enterprises is now larger than Asian Paints, Avenue Supermarts, Bajaj Finserv and Maruti Suzuki.
The stock’s inclusion in Nifty50 shall become effective from September 30. On the other hand, Shree Cement shares have fallen nearly 21 per cent YTD and its market cap stood at Rs 77,922 crore at the end of Thursday.
MORE TO COME…
[ad_2]
Source link