IndiGo rises 2% as stock set to join Sensex on Dec 22, Tata Motors PV down 1.5% on index exclusion

BSE reshuffle impact

The shares of IndiGo-parent Interglobe Aviation around 2 percent on November 24 after BSE announced that the airline stock will be added to the 30-share Sensex from December 22 onwards, replacing Tata Motors Passenger Vehicles.

The shares of the PV-maker however fell more than 1.5 percent on the news of exclusion from the benchmark index.

Sensex rejig impact:

IndiGo shares soared to Rs 5,953 in the early trading hours of Monday. It currently has a market capitalization of Rs 2.27 lakh crore and a standalone P/E ratio of nearly 45.

IndiGo shares have gained 9 percent in the past six months, and over 28 percent in 2025 so far.

The newly-listed shares of Tata Motors Passenger Vehicles dropped to a low of Rs 356.65 apiece. It currently has a market capitalization of Rs 1.32 lakh crore and a P/E ratio of more than 1.4.

The shares of the company were discovered at a price of Rs 400 apiece on NSE on October 14, marking a drop of 39.5 percent (or Rs 260.75 per share) from its previous closing price after a special pre-open session on stock exchanges. The stock adjusted to the demerger of its commercial vehicle business.

Other additions to BSE indices:

In a press release, BSE announced several additions and exclusions from its key indices. While IndiGo will replace Tata Motors PV on Sensex, Max Healthcare Institute will replace IndusInd Bank on BSE Sensex 50 from December 22 onwards, which will take the former’s place on BSE Sensex Next 50.

IDFC First Bank will meanwhile replace Adani Green Energy on BSE 100 from December 22 onwards, as the latter takes over its place on the BSE Sensex Next 50 index.

Four new stocks will be added to the BSE Bankex index from December 26 onwards. These include Canara Bank, AU Small Finance Bank, Punjab National Bank (PNB) and Union Bank of India.

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