Business Standard

Pidilite may miss out on Nifty 50 inclusion post index rebalancing

The stock was widely expected to get added to the index, but does not have enough free float market cap to dislodge BPCL

PIDILITE
Premium

The stock was widely expected to get added to the index

BS Reporter Mumbai
Pidilite Industries is unlikely to get added to the benchmark Nifty 50 index during its rebalancing exercise in March. The stock—currently the highest ranked non-index constituent—was widely expected to get added to the index.

“With only five trading days to go in the review period, we see no constituent changes to the Nifty Index at the March rebalance. Pidilite’s free float market cap does not exceed 1.5 times the free-float market cap of Bharat Petroleum Corp (BPCL),” said analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma.

"BPCL is currently the lowest-ranked index constituent with an average free float

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

First Published: Jan 24 2023 | 5:14 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