2 Adani Stocks At 5% UCs to Make Way into Nifty Indices Starting Mar 31: Rejig

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2 Adani Stocks At 5% UCs to Make Way into Nifty Indices Starting Mar 31: Rejig
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Two Adani Group stocks are announced to be added to various Nifty indices by the National Stock Exchange, starting March 31, 2023, despite the recent massive slash witnessed in market valuations of Adani stocks witnessed in the past sessions. 

The Index Maintenance Sub-Committee (Equity) of NSE Indices has decided to make replacement of stocks in various indices as part of its periodic review, effective from March 31, said NSE in a press release.

Adani Wilmar (NS: ADAW ) and Adani Power (NS: ADAN ) are the two stocks that will be added to different Nifty indices at the end of next month. Both of these stocks were locked at a 5% upper circuit in Friday’s trade.

On the account of the semi-annual review of broad market indices, starting Mar 31, 2023,

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