Analysts had estimated that as per current rules, HDFC would have been excluded from the Nifty in December, which could see an outflow of around $1.3-1.5 billion from the passive funds. If NSEIL’s proposals are accepted, HDFC will be excluded on the ex-date, which will likely happen mid-next year.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires