Tata Consumer may be included in the upcoming semi-annual review for the rebalancing of the Nifty index, said Edelweiss Alternative Research.
The index is reviewed every six months and a four weeks’ notice is given to the market before making changes to the index set.
The index changes are likely to be announced by the second half of February 2021 and the same should take effect on March 26, 2021, said Edelweiss.
An inclusion in the index would attract $88.7 million worth of flows to Tata Consumer and exclusion from Nifty is likely to lead to selling worth $56.7 million in GAIL’s shares, said Edelweiss.
