Adani Total, HPCL, PI Industries: How to trade MF rejig-related stocks

Adani Total Gas, Apollo Hospitals, Cholamandalam Investment, according to reports, are among the stocks that are likely to get added to the mutual fund (MF) large-cap universe. On the other hand, Petronet LNG, PI Industries and Hindustan Petroleum Corporation (HPCL) could get demoted from the large-cap list to mid-cap list.

Techncial charts indicate room for an upside for the likely inclusions. Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.

Adani Total Gas Ltd (ATGL)

Likely target: Rs 1,480 - Rs 1,500

Upside potential: 5.71% - 7.14%

The negative