Suzlon Energy to be part of BSE , Jindal Stainless to replace NALCO
In the BSE Auto index, Sundaram Fastners is going to replace UNO Minda, and Jindal Stainless will replace National Aluminium Company in the Metal index.
BSE to add Suzlon Energy in S&P BSE Power index
Renewable energy solutions company Suzlon Energy will be included in the S&P BSE Power index, the exchange said in its release on December 1.
Last month, Suzlon was also added by Morgan Stanley Capital International in its MSCI Global Standard Index, along with eight other stocks. After several years of consolidation, the stock has been on the buyers’ radar and turned out to be the multibagger in the current financial year, rising 415 percent. It touched a high of Rs 44 last week, the highest level since August 2011 and settled at Rs 39.40 on December 1.
Asia Index, the 50-50 partnership between S&P Dow Jones Indices LLC and BSE, also announced changes in several indices on December 1 including S&P BSE Power, Auto, Metal, Capital Goods, Realty, and PSU. The reconstitution of indices like BSE 200, BSE 500, 150 Midcap, 250 Smallcap, 100 ESG, MidSmallCap, and 400 MidSmallcap index.
The changes in indices will be effective from December 18. “There are no changes to the S&P BSE Sensex 50 TMC (INR), S&P BSE TECK, S&P BSE CPSE and S&P BSE Consumer Durables indices,” the exchange said.
Iron ore company NMDC Steel will be included in the BSE PSU index.
Finolex Cables, Rail Vikas Nigam, and Kalpataru Projects International will be added in the Capital Goods index, while Crompton Greaves Consumer Electricals, and Voltas will be excluded from the S&P BSE 100 ESG Index (INR).
In the BSE Auto index, Sundaram Fasteners is going to replace UNO Minda, and Jindal Stainless will replace National Aluminium Company in the Metal index, while Swan Energy will be replacing Indiabulls Real Estate in the Realty index.
Among others, Mankind Pharma, Linde India, UCO Bank, Bharat Heavy Electricals, and Escorts Kubota will replace Atul, Aditya Birla Fashion and Retail, Laurus Labs, Crompton Greaves Consumer Electricals, and Pfizer in the BSE 200 index.
The changes will also be seen in the BSE 500 index. The exchange will be adding Mankind Pharma, NMDC Steel, Kaynes Technology India, Jindal SAW, BLS International Services, Kama Holdings, Usha Martin, Jupiter Wagons, and Ujjivan Small Finance Bank in the index.
The above nine stocks will replace HeidelbergCement India, Rallis India, TeamLease Services, Polyplex Corporation, Indiabulls Real Estate, NOCIL, Hikal, IFB Industries, and Uflex in the BSE 500 index.
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