New stocks getting added to Nifty500 Index

On 29th September 2023 — the below listed stocks will get added to the Nifty 500 index. I am saving this list so that I could come back later and do a fundamental valuation & analysis.

Nifty 500 index new entrants

1. Allcargo Logistics Ltd. ALLCARGO
2. Alok Industries Ltd. ALOKINDS
3. Gillette India Ltd. GILLETTE
4. Glenmark Life Sciences Ltd. GLS
5. Godawari Power & Ispat Ltd. GPIL
6. IRCON International Ltd. IRCON
7. Jindal Saw Ltd. JINDALSAW
8. Kaynes Technology India Ltd. KAYNES
9. Kirloskar Ferrous Industries Ltd. KIRLFER
10. Minda Corporation Ltd. MINDACORP
11. Procter & Gamble Health Ltd. PGHL
12. Safari Industries (India) Ltd. SAFARI
13. Saregama India Ltd SAREGAMA
14. Sheela Foam Ltd. SFL
15. Symphony Ltd. SYMPHONY
16. Syrma SGS Technology Ltd. SYRMA
17. Ujjivan Small Finance Bank Ltd. UJJIVANSFB
18. Usha Martin Ltd. USHAMART

Full circular here source: NSE

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Nifty Small Cap 250 new entrants

1. Aavas Financiers Ltd. AAVAS
2. Affle (India) Ltd. AFFLE
3. Alkyl Amines Chemicals Ltd. ALKYLAMINE
4. Allcargo Logistics Ltd. ALLCARGO
5. Alok Industries Ltd. ALOKINDS
6. Clean Science and Technology Ltd. CLEAN
7. Fine Organic Industries Ltd. FINEORG
8. Gillette India Ltd. GILLETTE
9. Glenmark Life Sciences Ltd. GLS
10. Godawari Power & Ispat Ltd. GPIL
11. Happiest Minds Technologies Ltd. HAPPSTMNDS
12. IRCON International Ltd. IRCON
13. Jindal Saw Ltd. JINDALSAW
14. Kaynes Technology India Ltd. KAYNES
15. Kirloskar Ferrous Industries Ltd. KIRLFER
16. Minda Corporation Ltd. MINDACORP
17. Nippon Life India Asset Management Ltd. NAM-INDIA
18. Procter & Gamble Health Ltd. PGHL
19. Safari Industries (India) Ltd. SAFARI
20. Saregama India Ltd SAREGAMA
21. Sheela Foam Ltd. SFL
22. Symphony Ltd. SYMPHONY
23. Syrma SGS Technology Ltd. SYRMA
24. Tata Teleservices (Maharashtra) Ltd. TTML
25. Ujjivan Small Finance Bank Ltd. UJJIVANSFB
26. Usha Martin Ltd. USHAMART

Full circular here source: NSE

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My Personal notes:

Mcap: 6721 cr

ALLCARGO — unusual jump in sales in 2022, grew nearly 2x.

Asset turnover ratio not consistent

P/E also not consistent

Weekly bullish trend line broken, resistance at 304.25

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ALOKINDS

Mcap: 7994 cr

Something wrong with the revenue, degrowth. Loss making.

EPS not consistent

Declining profit margin

Initial candlesticks appearing like RENKO. Currently between support and resistance.

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GILLETTE

Mcap: 18113 Cr

Last 3 years solid revenue numbers, but degrowth in 2017 and 2018

Asset Turnover ratio data inconsistency

Profit Margin ratio — decent

ROE looking decent

Technicals looking range bound

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Glenmark Life Sciences Ltd. GLS

Mcap 7801 cr

doubled their sales in 2020, but flat revenues after that.

profit margins stable

Chart pattern — too early to comment on a trend