PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
The decline in gross margin can be attributed to the increased revenue share from Zudio, says ICICI Securities.
The stock currently trades 16% lower than its 52-week high of ₹1,571, while it has risen 35% against its 52-week low of ₹983.70.
Shares of Voltas rose as much as 4.25% to touch an intraday high of ₹1,325, while Trent rallied 8.5% to hit a 52-week high of ₹1,274.1 on the BSE.
This Tata group retail firm has generated 435% returns in the last five years, surging from ₹214 on January 12, 2017, to ₹1,168 per share in intraday trade today
