Shriram Fianance stock rose by 4%

Shriram Finance’s stock rose by 4% on February 29 because the company was added to the Nifty 50 index after the latest changes. UPL Ltd, the stock being replaced by Shriram Finance, fell by 2%. According to a press release from NSE, Shriram Finance was included in the Nifty 50 because it has the highest 6-month average free-float market capitalization among eligible options to replace UPL. These changes will take effect on March 28.