India’s oldest Bourse BSE is set up to modify the Benchmark 30-Share Sensex configuration list. The announcement is scheduled for May 23rd, with capital inflows and outflows scheduled to begin on June 20th.
According to IIFL’s alternative desk, Tata Group Apparel Retailer Trent Ltd. is likely to be added, with the expected $278 million or about Rs 2,400 crore at around Rs 2,400. The stock, which fell 16% over the past six months, is currently part of the large cap BSE 100 index.
Another potential candidate is Bharat Electronics Ltd., which represents a $275 million inflow of 3.1 times. BEL stock, a beloved person from the Defense Pack and part of the BSE 100, has skyrocketed nearly 40% over the past six months.
Conversely, Nestle India Ltd. may plan to remove it, with the estimated spill being $210 million or 1,800 crore, a substantial 7.7 times. Stocks have risen 8% over the past six months.
Under a cloud of suspected fraud and corporate governance concerns, Indusind Bank Ltd. could be removed from Sensex and face a spill of $135 million or Rs 1,155 trillion.
