Apollo Hospitals gains on Nifty 50 inclusion hopes, ends nearly 3% up

Analysts tracking index composition say Apollo Hospitals will replace Indian Oil; official announcement expected by Feb third week, changes will become effective on March 31

Apollo Hospitals
Premium

BS Reporter Mumbai
Shares of Apollo Hospitals Enterprise, a leading multispecialty hospital chain, rose 3 per cent on Thursday on optimism that the stock will get added to the Nifty 50 index. Analysts tracking index composition say Apollo Hospitals will replace state-owned Indian Oil in the benchmark index. The official announcement in this regard is expected in the third week of February, while the changes will become effective on March 31.

As per the calculations of Abhilash Pagaria, Assistant Vice President – Research, Edelweiss Securities Apollo Hospital could see inflow of $175 million, while Indian Oil could see an outflow of $100 million

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 20 2022 | 6:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com