KIE removed Samvardhana Motherson from its recommended portfolio, while adding Cummins India and Colgate Palmolive instead. That said, KIE remains optimistic about Samvardhana Motherson’s fundamentals and long-term prospects even as it sees near-term headwinds from global growth challenges.
BSE, IndiGo likely to replace IndusInd Bank, Hero MotoCorp making way in Nifty50 index
BSE Ltd and InterGlobe Aviation may soon be part of the Nifty 50 index. A reshuffle is expected in August. The revised list will likely