 "Pidilite may miss out on Nifty 50 inclusion post index rebalancing")
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 market cap of Rs 31,783 crore. A non-Nifty stock to dislodge it would require to have an average free float mcap of at least Rs 47,674 crore. Pidiltie’s average free float mcap during the review period stood at Rs 40,391 crore, according to calculations by Freitas.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%