India Strategy - New-Age Stocks Poised For Entry Into Nifty50: ICICI Securities

India Strategy - New-Age Stocks Poised For Entry Into Nifty50: ICICI Securities

Electronic ticker boards indicate the latest stock figures inside the atrium at the National Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Based on data till July 19, 2021, the upcoming semi-annual Nifty50 reshuffle could result in Info-Edge India Ltd. being the closest contender to replace Indian Oil Corporation Ltd. on September 29, 2021.

However, Info-Edge is marginally behind in terms of average free float market capitalisation criteria ($ 5 billion and 3.7% lower than 1.5 times that of IOCL – the smallest free float market cap stock within the current Nifty50 index) while fulfilling other conditions such as inclusion in the future and option list and being part of the upcoming proforma NSE100 universe amongst others.

Click on the attachment to read the full report:

ICICI Securities Alternate view Nifty Reshuffle.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES