Tata Consumer Products to enter Nifty 50 index from 31 March; GAIL will be excluded
- Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group
- Seven stocks including Bank of Baroda, Container Corporation of India (Concor), General Insurance Corporation of India, Hindustan Zinc will be excluded from the Nifty Next 50 index
Tata Consumer Products will be included in the benchmark Nifty50 index, with effect from 31 March, 2021, the National Stock Exchange (NSE) said. Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group. It reported a 25.26% rise in consolidated net profit to ₹237.03 crore for the third quarter ended December 2020, on the back of higher sales in branded business. GAIL (India) Ltd will be excluded from the Nifty50 index.
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