In today’s briefing:
- NIFTY NEXT 50 Index Market Consultation: Non-F&O Stocks Could Be Dropped
- Kawasaki Heavy Ind (7012) | Building a Hydrogen Society
NIFTY NEXT 50 Index Market Consultation: Non-F&O Stocks Could Be Dropped
- NSE Indices have started a market consultation on dropping stocks that are not a part of the Futures & Options segment from the Nifty Next 50 Index (NIFTYJR INDEX).
- This will be done in two phases with a weight reduction for non-F&O stocks in June and deletion from the index in September.
- That will result in 11 inclusions to the Nifty Next 50 Index (NIFTYJR INDEX) in September and bring in a lot of flow to the stocks.
Kawasaki Heavy Ind (7012) | Building a Hydrogen Society
- We are bullish on KHI and see around 40% upside for the share price
- Over the next two years, we expect strong profit growth on recovery in aircraft parts, jet engines and military equipment
- KHI is likely to be a key beneficiary of the Hydrogen economy and is well placed to build a new earnings driver over the next decade
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