Dabur or Shree Cement likely to enter Nifty

Dabur or Shree Cement likely to enter Nifty

Dabur or Shree Cement is likely to find a place in the Nifty index in its next semi-annual rejig due on March 27, according to ICICI Securities. Since Shree's increase in free float due to a QIP took place in mid-November, it had a lower impact on Average Free Float Market Capitalisation (AFMC), which remains lower than Dabur's by 1 per cent, said the brokerage. Despite a sharp increase in the market- cap, HDFC Life and SBI Life are ineligible for inclusion into the main index because they are not part of the futures and options segment.

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