FTSE Index Rejig: Hyundai Motor, NTPC Green, Swiggy, and Waaree Energies to join largecap segment in June review
Hyundai Motor India
,
NTPC Green Energy
,
Swiggy
and
Waaree Energies
will become part of FTSE global equity indices in the largecap category while
ITC Hotels
, a spin-off from diversified conglomerate ITC will exit largecaps to enter the midcap segment in the June 2025 quarterly review, according to a media release by FTSE Russel.
Hyundai Motor, NTPC Green, Swiggy and Waaree Energies are recent listings and had floated their initial public offerings (IPOs) in October-November last year.
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Swiggy, listed on November 13, 2024, is currently trading 17% below its issue price of Rs 390. Meanwhile, Hyundai Motor India, which debuted on October 22, 2024, is down 4.5% from its upper price band of Rs 1,960.
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NTPC Green Energy, listed on November 27, 2024, is trading slightly above its issue price of Rs 108, last quoted at Rs 110.95. In contrast, Waaree saw a strong post-listing performance — its shares, issued at Rs 1,503, are currently trading at Rs 2,756, marking an 83% gain.
Meanwhile, grocery and household retailer
Vishal Mega Mart
will enter the midcap segment.
Live Events
Afcons Infrastructure
,
OneSource Specialty Pharma
, and Sai Life Sciences will be included in the smallcap segment.
Moreover, 18 stocks will become part of the microcap segment, viz. Capital Infra Trust, Carraro India, Concord Enviro Systems, Dam Capital Advisors, Enviro Infra Engineers, Godavari Biorefineries, KRN Heat Exchanger and Refrigeration, Laxmi Dental, Mamata Machinery, One MobiKwik Systems, Quadrant Future Tek, Rossell Techsys, Sanathan Textiles, Senores Pharmaceuticals, Standard Glass Lining Technology, Suraksha Diagnostic, Transrail Lighting, and Unimech Aerospace and Manufacturing.
Also Read:
Eternal may see outflows worth $840 million following FTSE, MSCI's weight cuts
In another development, food delivery company Eternal, formerly known as
Zomato
, is staring at a passive outflow of $840 million as global index majors FTSE and MSCI plan to slash stock's weightage in their portfolio. This follows a reduction in the Foreign Ownership Limit (FOL). In FTSE All World Index, the investability weighting from 82.74% to 49.5%.
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