Data from the past 10 years shows that stocks removed from the Nifty 50 index often perform better than those newly added. Of the 28 excluded stocks analyzed, 17 outperformed their replacements. Research indicates that stocks removed from indices might experience initial drops but generally recover and outperform in the long term.
Chakri Lokapriya bullish on Indian IT, Power & PSU bank stocks for 2025
I think so whether it is Havells or even companies like Finolex Cables they have all corrected quite a lot over the last one year.