BSE indices will undergo a major rejig with effect from June 23, 2025. One of the biggest rejig of stocks will be on Sensex, with defence PSU giant Bharat Electronics (BEL) and Tata Group-backed Trent joining the main benchmark of BSE, replacing giants like Nestle India and IndusInd Bank. BEL and Trent are expected to record more than $700 million in inflows due to the Sensex rejig. Other indices on the BSE will also see significant changes.
Sensex Rejig:
As per the main statement on BSE, Trent Ltd with ticker 500251, and BEL with 500049 ticker will be included on Sensex. This means it will be part of the Sensex 30 scrip.
BSE Sensex is one of the main benchmarks of the Indian stock market, which includes 30 well-established and financially sound companies that are listed on BSE. These are majorly large-cap stocks with significant fundamentals.
With the inclusion of BEL and Trent on Sensex, brokerage Nuvama Alternative has predicted an inflow of $330 million in Trent and $378 million inflows in BEL.
However, BEL and Trent are replacing Nestle India and IndusInd Bank from Sensex 30. According to the brokerage, Nestle could record an outflow of $230 million, and IndusInd Bank may face outflow of $145 million due to their exit from Sensex.
BEL Share Price:
Defence PSU giant BEL's stock price has witnessed impressive performance on BSE. YTD, the defence large-cap stock has surged by nearly 39%. Currently, BEL share price is at Rs 408.05 apiece, with a market value of Rs 2,98,275.53 crore. Its return on equity (ROE) is strong at 30.39%, while its price-to-equity ratio is at 56.44x.
The majority of experts are optimistic about BSE. Geojit analysts in their note said, "We maintain a positive outlook on Bharat Electronics Limited (BEL), supported by the government's strong emphasis on domestic manufacturing, the growing contribution of electronics in defence applications, BEL's established market leadership, a robust order backlog, and a consistently healthy margin profile. Considering the upgrade in our earnings estimates and potential large order inflow in FY26, we value BEL at a P/E of 42x FY27E EPS and maintain a BUY rating, with a target price of Rs.441."
Trent Share Price:
Unlike BEL, the Tata Group-backed retail company has seen a bearish trend YTD, with the decline of 16.4%. However, over the past 1 month, Trent stock has surged by 9% on BSE. At present, the stock is at Rs 5906.95 apiece, with a market value of Rs 2,09,984.67 crore on BSE. Its return on equity is at 31.09%, while its price-to-equity ratio is at 132.50x.
Analysts at Elara Capital after the company's analysts and investors meet said, "TRENT has the right mindset to nurture a house of brands. Choices such as organic brand growth, customer acquisition, full-price selling, and foraying into high frequency categories will sustain growth. Benefits from faster inventory turns, celebrity-less A&P and common tech infra shall pare costs. TRENT aims to be operationally India-first and foray in high-frequency categories. Fast fashion brand-Zudio to remain as leader, gaining market share with strong brand recall. TRENT has high single-digital market share in the overall fashion industry, thus, the room to grow. Retain Buy with TP at INR 8,300."
Other indices like BSE 100, BSE Sensex Next 50 and BANKEX will also undergo reconstitution of stocks.
BSE 100 Rejig:
From June 23, on BSE 100, Dixon Technologies, Coforge, and Indus Towers will be included, while stocks like Bharat Forge, Dabur India and Siemens will be excluded.
BSE Sensex 50 Rejig:
Stocks like Interglobe Aviation and Shriram Finance will replace Britannia Industries and Hero MotoCorp on BSE SENSEX 50.
BSE Sensex Next 50 Rejig:
Here, stocks like Britannia Industries, Dixon, Coforge, Hero MotoCorp and Indus Towers will be included from June 23 onward. Meanwhile, stocks like Interglobe Aviation, Shriram Finance, Bharat Forge, Dabur India, and Siemens will exit BSE Sensex Next 50.
BSE Bankex Rejig:
On this banking index, IDFC First Bank will be included, in place of Canara Bank which will exit.
BSE Ltd., India's leading exchange group, is celebrating its 150th year anniversary this year. BSE has been playing a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base. BSE provides an eƯicient and transparent market for trading in multiple asset classes including, equity, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, SME, startups and debt instruments.
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