Jio Financial Services Ltd (JFS) may see $89 million passive inflows on its inclusion in Nifty Next 50. PFC is seen attracting $48 million inflows, Adani Power $45 million, REC $45 million and IRFC $23 million inflows.
In Wednesdays trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.
Shriram Finance is among the largest retail NBFC with an AUM size of Rs 2.1 trillion operating in diversified segments such as vehicle finance, SME, gold loans and
Shriram Finance is the largest NBFC in India with an AUM of over Rs 2 lakh crore, said Bonanza, which believes that Shriram Finance appears cyclically well-positioned for business growth.
Shriram Finance s entry into the 50-stock index is expected to result in inflows of $245 million, according to Nuvama Alternative and Quantitative Research. Meanwhile, the exit of UPL will drive outflows of $107 million, the brokerage said.