Shriram Finance replaces UPL in Nifty50

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Shriram Finance will join the Nifty 50, taking UPL's place in the index. The alterations will take effect on March 28, 2024. It was included since Shriram Finance had the largest free-float market capitalization within the qualified universe during six months.

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As part of its regular evaluation, the NSE indexes Index Maintenance Sub-Committee (Equity) has chosen to replace stocks in a number of indexes. These modifications will take effect on March 28, 2024.

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Due to the Nifty 50 reorganization, Nuvama analysts anticipate $217 million inflows to Shriram and $114 million outflows UPL.

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Shriram Finance replaces UPL in Nifty50

Published : 01 March 2024

Shriram Finance will join the Nifty 50, taking UPL's place in the index. The alterations will take effect on March 28, 2024. It was included since Shriram Finance had the largest free-float market capitalization within the qualified universe during six months.

As part of its regular evaluation, the NSE indexes Index Maintenance Sub-Committee (Equity) has chosen to replace stocks in a number of indexes. These modifications will take effect on March 28, 2024.

Due to the Nifty 50 reorganization, Nuvama analysts anticipate $217 million inflows to Shriram and $114 million outflows UPL.

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