Trent and Bharat Electronics Ltd (BEL) have officially joined the Nifty50 index. Historically, new entrants to Nifty often deliver strong returns, with 11 out of 15 companies posting gains within 12 months of joining.
Trent, a Tata Group company, has soared 1,473% over five years and now holds a 1.5% weightage, expecting $495 million in inflows. BEL, a major defence player, has gained over 700% in the same period and holds a 1% Nifty weight, with $336 million expected in inflows.