Adani Enterprises Ltd is the part of Adani Group, which would dislodge Shree Cements in the Nifty 50 index as recorded data. During the Nifty’s September 2022, the changes are required for the rebalancing exercise.

Presently, AEL sets all requirements to make it and sets all benchmark indexes. They added AEL to the Nifty 50 index, which will boost the stock, resulting in a massive inflow of $183 million, as per Edelweiss estimates.

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Brian Freitas of Periscope Analytics, who publishes on Smartkarma, said funds that track the Nifty index would have to buy over 5 per cent of AEL free float if the stock gets added to the Nifty 50 index. Currently, Shree Cement and Hero Motocorp are the lowest-ranked Nifty constituents.

Nifty’s next rebalancing announcement is usually made during the second half of August, while the cut-off date to compute the changes in index components is July 29.

Any changes in share prices between now and July-end could alter the equations.