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Nifty rejig announcement: Divi's Lab hits all-time high, SBI Life gains 4%

For the quarter ended June 2020, Divi's Lab reported a net profit of Rs 492.06 crore on account of robust sales.

Following the sharp run-up, returns are expected to plateau.
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SBI Life reported a 5 per cent increase in net profit at Rs 390 crore for the first quarter of the current fiscal.

Swati Verma New Delhi
Shares of Divi's Laboratories and SBI Life Insurance rallied on Friday, a day after the NSE Indices, a subsidiary of the National Stock Exchange (NSE) announced that both the stocks will enter the benchmark index Nifty50 from September 25, 2020. 

The stock of Divi's Laboratories hit an all-time high of Rs 3,331 in the early trade, up nearly 4.5 per cent against Thursday's close of Rs 3,189.30 with the market capitalisation (m-cap) nearing Rs 90,000 crore.

At 09:41 AM, Divi's Laboratories was trading over 4 per cent higher at Rs 3,327.45 on the NSE. Meanwhile, SBI Life Insurance was quoting 3.5 per