NSE makes a big announcement: This company will be included in Nifty 50 from December 5.

News Topical, Digital Desk : The National Stock Exchange (NSE) announced on Friday, November 28, that Kwality Wall's India will be included in the Nifty 50 index effective December 5. This move comes in light of the demerger of Hindustan Unilever Limited's (HUL) ice cream business. The exchange also announced that a special pre-open session will be held for HUL on December 5.

As part of the index adjustment, the demerged company, Kwality Wall's (India) Ltd, will be temporarily added to the Nifty 35 index at zero value using a dummy symbol 'DUMMYHDLVR'. This demerger coincides with Unilever PLC's global decision to spin off its ice cream operations as an independent business.

The inclusion will be effective from December 5 and Kwality Wall's, demerged from Hindustan Unilever Ltd, will be included in the Nifty without any Divisor Adjustment. The index to which Kwality Wall's will be added includes Nifty 50, Nifty 100, Nifty 200, Nifty 500, Nifty FMCG, Nifty Consumption, Nifty MNC, along with ESG, Shariah, Factor-Based, Equal-Weight, Volatility and Quality indices. Waaree Energies Share: The company has received a large order for the supply of solar modules. Company management says that margins are expected to be in the range of 23-24% and that a margin benefit of 50-60 basis points may be achieved after the demerger of the ice-cream business. 

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