Shares of IndiGo parent InterGlobe Aviation rose nearly 2 percent on November 24 after the BSE announced that the airline’s stock will join the 30-stock Sensex from December 22, replacing Tata Motors Passenger Vehicles (PV). Following the announcement, Tata Motors PV shares slipped over 1.5 percent as investors reacted to its removal from the benchmark index.
IndiGo’s stock climbed to ₹5,953 in early trade, giving the company a market capitalisation of ₹2.27 lakh crore and a standalone P/E ratio of about 45. The stock has gained roughly 9 percent in the last six months and more than 28 percent so far in 2025.
Meanwhile, the recently listed Tata Motors PV stock fell to ₹356.65 per share, valuing the company at ₹1.32 lakh crore, with a P/E ratio above 1.4.
In its press release, BSE detailed several index adjustments. Along with IndiGo entering the Sensex, it will also join the BSE Sensex 50, moving Tata Motors PV to the Sensex Next 50. Additionally, IDFC First Bank will replace Adani Green Energy in the BSE 100, with Adani Green shifting to the Sensex Next 50.
From December 26, four banks—Canara Bank, AU Small Finance Bank, Punjab National Bank, and Union Bank of India—will be added to the BSE Bankex index.
