Adani Enterprises (AEL), the flagship company of the Adani Group, could dislodge Shree Cements in the Nifty 50 index, analysts tracking composition said. The change is likely during Nifty’s September 2022 rebalancing exercise.
They say AEL at present meets all the requirements to make it to the benchmark index. If AEL is indeed added to the Nifty 50 index, it will be a big boost for the stock as it will result in passive inflows of $183 million, as per Edelweiss estimates.
Brian Freitas of Periscope Analytics, who publishes on Smartkarma, said funds that track Nifty index will have to buy over