BSE Sensex: Tata Motors, the automobile company of the Tata Group, will be part of the 30-share BSE index Sensex. Tata Motors will replace pharma company Dr Reddy’s in the Sensex. This change will come into effect as soon as the market opens on December 19, 2022.
Giving information about the restructuring of BSE Sensex, Asia Index Private Limited said that it has been decided to drop Dr Reddy’s from Sensex and Tata Motors will be included in its place. BSE operates the Asia Index in association with S&P Dow Jones.
Apart from this, it has been decided to remove the stocks of Adani Total Gas and Hindustan Petroleum from S&P BSE 100 and S&P Sensex Next 50 indexes and Adani Power and Indian Hotels Company will be included in their place. There is no change in BSE Sensex 50 and BSE Bankex.
In Friday’s trading session, the stock of Tata Motors with a face value of Rs 2 closed at Rs 423.80, up 0.15 per cent. The market cap of the company is close to Rs 1.41 lakh crore. On the other hand, the share of Dr Reddy’s Lab closed at Rs 4409 with a decline of 0.28 per cent.
Shares of Tata Motors have given excellent returns to investors after the Corona Pandemic (Covid-19 Pandemic). On March 24, 2020, the stock was trading at Rs.64. The stock made a high of Rs 519. Currently, the stock is trading at Rs 423, which means investors have got a multibagger return of 560 per cent.
If you look at the Sensex, three Tata group companies TCS, Titan Company and Tata Steel are already part of the index. And Tata Motors will become the fourth company.