Vodafone’s current free-float market capitalization is Rs. 36,534 crore and the share today is Rs. 15.83, up from Thursday’s closing price of Rs. 0.37 or 2.28% down to Rs.
Vodafone’s exit from the Nifty 500 follows 26 other stocks that have been excluded from the index. Other stocks delisted from indies include Vaibhav Global, Aether Industries, Allcargo Logistics, Anupam Rasayan, Borosil Renewables, CSB Bank, DCM Sriram, JK Paper, KRBL, MTAR Technologies and Restaurant Brands Asia.
Tata Group’s lifestyle company Trent ( TRENT ) and state-run Bharat Electronics ( BEL ) are the latest inclusions in the Nifty 50 index while LTI Mindtree ( LTIM ) and Divi’s Laboratories have exited.
The Index Maintenance Sub-Committee (Equity) of NSE Indices on Friday made changes to the 50-stock index with effect from September 30, 2024 (closer to September 27, 2024).
Nifty Next 50 will include Bharat Heavy Electricals (BHEL), Divini Laboratories, JSW Energy, LTIMindtree, Macrotech Developers, NHPC, Union Bank of India while excluding Berger Paints India, Bharat Electronics, Colgate Palmolive (India). ), Marico, SBI Cards and Payment Services, SRF and Trent.
PSU stock Canara Bank has entered the Nifty Bank index at the expense of Bandhan Bank as part of a semi-annual rejig. Bandhan Bank’s Rs. 15,945 crore against Canara Bank’s average free-float market capitalization over the six-month period of Rs. 38,973 crores.
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