Britannia Industries may dislodge HPCL or Bharti Infratel from Nifty

Shares of Britannia rose 1.7 per cent on Wednesday, even as the benchmark indices slipped more than a per cent

Food company Britannia Industries could soon be included in the benchmark Nifty index. According to an analysis by ICICI Direct, oil marketer Hindustan Petroleum Corporation (HPCL) or telecom tower company Bharti Infratel could be excluded from the index to make way for the Wadia group flagship firm. The free-float market capitalization, a key criterion for index inclusion, of Britannia is much higher than HPCL and Bharti Infratel.

The review of the Nifty indices is slated for next month.

In the past six months, the average free-float market cap of Britannia has been Rs 35,748 crore, while that of HPCL and Bharti Infratel