On the BSE, Tata Motors increased by 0.64 percent to reach a high of Rs 426.30. The share price has increased by 16% from its 52-week low of Rs. 366.05 per unit in May of this year.
Sensex constituent Dr Reddy’s Labs will be replaced by domestic auto giant Tata Motors, hence Tata Motors stock was trading slightly higher on Monday. On the other hand, Dr Reddy’s Labs decreased by more than 2%, following the trend.
On Friday, Asia Index Private Limited released the results of the index’s reconstitution, which included adjustments to the Sensex, BSE100, and Sensex Nifty 50, among other index components. At the start of Monday, December 19, the modifications would take effect.
On the other side, Dr. Reddy’s Labs dropped 2.12% to a low of Rs. 4,318.30 on the market. Since its 52-week low of Rs 3,655 on March 4 of this year, this stock has increased by 18%.
On the other side, Dr. Reddy’s Labs dropped 2.12% to a low of Rs. 4,318.30 on the market. From its 52-week low of Rs 3,655 on March 4 of this year, this stock has risen 18%. According to Trendlyne, Dr Reddy’s Labs has an average target price of Rs 5150.52, indicating a possible upside of 17.50% going forward.
The leading producer of financial market indices in the world, S&P Dow Jones Indices LLC, and BSE have partnered to create Asia Index. S&P BSE Indexes, the company’s umbrella brand, is best recognised for the varied family of Asian indices it calculates, publishes, and maintains.
In the BSE 100 index and the Sensex Next 50 index, Adani Power and Indian Hotels will take the position of Adani Total Gas and Hindustan Petroleum Corp Ltd. At Rs 330.25, Adani Power was down 1.86 percent in price. At Rs 316.45, Indian Hotels increased by 0.81 percent. While shares of Adani Total Gas were trading 1.27 percent lower at Rs 3,596.25 on the BSE, HPCL increased 2.08 percent to Rs 213.45 in trade.
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