Trent, BEL shares surge up to 3% on entry in Sensex effective June 23

Shares of Trent and Bharat Electronics Ltd (BEL) surged up to 3% on the BSE on Friday, May 23, following the update on their upcoming inclusion in the BSE Sensex as part of the index’s reconstitution.

Trent shares rallied 2.9% to their day’s high of Rs 5,499, while those of BEL climbed 1.7% to Rs 389.9.

The rejig, which takes effect on June 23, will see Trent replacing FMCG heavyweight Nestle India, while BEL will oust IndusInd Bank from the 30-share benchmark.


The move follows a period of underperformance by the outgoing constituents.

Nestle India’s stock has declined by nearly 4% over the past year, lagging behind the Nifty’s 9% return. In contrast, Trent has surged 15% during the same period, outperforming the broader market.

BEL has posted even stronger gains, delivering an impressive 35% return over the past 12 months, backed by consistent performance.

The rejig is expected to trigger passive inflows of $304 million into Trent and $354 million into BEL as funds aligned to the Sensex rebalance their portfolios. On the other hand, Nestle India and IndusInd Bank are projected to face passive outflows of $220 million and $134 million, respectively.

Meanwhile, a broader reconstitution across BSE indices was also announced.

The BSE 100 index will see the inclusion of Dixon Technologies, Coforge, and Indus Towers, with Bharat Forge, Dabur India, and Siemens exiting. In the BSE Sensex 50 index, InterGlobe Aviation and Shriram Finance will replace Britannia Industries and Hero MotoCorp, respectively.

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The Sensex Next 50 will witness the entry of Britannia, Dixon, Coforge, Hero MotoCorp, and Indus Towers, while Indigo, Shriram Finance, Bharat Forge, Dabur India, and Siemens will exit.

In BSE Bankex, IDFC First Bank will replace Canara Bank.

The shares of BEL closed flat at Rs 383.35 on the BSE while those of Trent closed 1.8% lower at Rs 5,343.05.

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