Latest news with #MSCIGlobalStandardIndex
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
Coromandel, Sakarni Plaster ink deal to make green gypsum at Vizag facility
Coromandel Chemicals Limited — a wholly-owned subsidiary of Coromandel International — has entered into a joint venture with Sakarni Plaster to manufacture and market green building materials based on phospho gypsum. "This joint venture enables Coromandel to diversify beyond its core agri-inputs business, enhance integration synergies and create long-term value. For Sakarni, the alliance facilitates expansion of its product portfolio, market diversification and reinforces its leadership in the gypsum plaster industry," the company said in a statement. Positioned as India's first major initiative to promote sustainable building materials under the government of India's Circular Economy mission, the venture seeks to tap into the surging demand for gypsum plaster. This demand is being driven by the construction boom, increasing need for low-cost housing, and a shift toward environmentally sustainable and durable building solutions. Unlike natural gypsum, Phospho Gypsum avoids mining and supports eco-friendly practices, thus reducing carbon emissions and contributing to the circular economy's waste-to-wealth objectives, the press release said. S Sankarasubramanian, managing director and CEO of Coromandel International Limited, said, "The joint venture represents a strategic move for Coromandel in advancing our sustainability and circular economy goals. By creating value from industrial by-products and diversifying into green construction materials, we are leveraging adjacent synergies to unlock new growth avenues." "This collaboration also aligns with the Government's Atmanirbhar Bharat vision by promoting local manufacturing, reducing import dependence, and supporting environmentally responsible alternatives. By combining Coromandel's manufacturing strength with Sakarni's market leadership, we aim to deliver high-quality, eco-friendly gypsum solutions that meet the evolving needs of India's housing and infrastructure sectors," Sankarasubramanian added. Manufacturing hub in Visakhapatnam The manufacturing unit will be set up in Visakhapatnam, next to Coromandel's fertiliser plant, ensuring consistent feedstock through the by-product gypsum generated from fertiliser production. The move is in line with the Indian government's circular economy roadmap under the Department for Promotion of Industry and Internal Trade (DPIIT), which emphasises waste-to-wealth initiatives, import substitution, and responsible resource management. Coromandel International Ltd joins MSCI Global Standard Index In its latest semi-annual review, global index provider MSCI has added Coromandel International Ltd. to its MSCI Global Standard Index. The inclusion is expected to attract passive inflows of approximately $227 million. Following the announcement, Coromandel's share price has surged nearly 30 per cent, significantly outperforming the benchmark Nifty50 index, which gained only 4 per cent during the same period. Additionally, Coromandel International has also been included in the MSCI India Domestic Index as part of changes to other Indian indices.
News18
14-05-2025
- Business
- News18
Nykaa Shares Rise 3% On MSCI Index Inclusion, $199 Million Inflows Eyed
Last Updated: Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2% Nykaa Share Price Today: Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2% to Rs 203.8 on the BSE on Wednesday. The rally came after global index provider MSCI announced the inclusion of the stock in its MSCI Global Standard Index as part of its latest semi-annual index review. The inclusion is expected to trigger passive inflows of approximately $199 million, according to estimates from Nuvama Alternative & Quantitative Research. This development marks a significant milestone for Nykaa, which has shown improving investor sentiment in recent months. Nykaa was one of two Indian stocks added to the MSCI Global Standard Index. The other was Coromandel International, which is projected to see even larger inflows of around $252 million. However, in contrast to Nykaa's rise, shares of Coromandel International declined by over 4% during the same trading session. MSCI confirmed that no deletions were made from the index in this review, and the changes will take effect after the market closes on May 30, 2025. MSCI also made several changes to its domestic indices. In the MSCI India Domestic Index, Coromandel International and GMR Airports were added, while Sona BLW Precision Forgings was removed. The MSCI India Domestic Smallcap Index saw broader adjustments, with 12 additions and 21 deletions. Notable additions included Acme Solar Holdings, Authum Investment, AWL Agri Business, and Godrej Agrovet, while companies like Aarti Drugs, Allcargo Logistics, and Godrej Industries were among those removed. Nykaa's stock has shown strong technical performance leading up to the announcement. It has gained nearly 20% over the past year, including a 12% rise in the last month and more than 4% in the past week. The stock is currently trading above all eight key simple moving averages, including the 100-day, 150-day, and 200-day SMAs—often seen as indicators of bullish momentum. The 14-day Relative Strength Index (RSI) for Nykaa stands at 64.1. While this suggests continued strength in the stock, it also signals that it is approaching the overbought threshold of 70. Investors may want to exercise some caution as the RSI moves closer to that level. First Published: May 14, 2025, 13:24 IST
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
MSCI review impact: Acme solar, Authum up 10%; Nykaa up 3%, Paytm drops 3%
Shares of FSN E-Commerce Ventures, Acme Solar, and Authum Investment & Infrastructure surged in trade on Wednesday after being included in various indices as part of MSCI semi-annual review. Shares of the agrochemicals firm Coromandel International traded muted, even as it was included in the MSCI Global Standard Index. Meanwhile, the parent entity of Nykaa rose 3.45 per cent during the session. The stock trimmed gains to trade 1.5 per cent higher, compared to the 0.67 per cent advance in the benchmark Nifty50 index. According to reports, through this inclusion, Coromandel's inclusion could bring passive inflows of $227 million, while Nykaa may see inflows of $181 million. Share prices of Nykaa have rallied 20 per cent this year, while Coromandel International's scrip is up nearly 30 per cent. This compares to a 4 per cent gain in the Nifty50 index. However, shares of One97 Communications, parent company of Paytm, tumbled 3.14 per cent after it was not included in the key index, contrary to the street's expectation. Shares of Paytm were down nearly 18 per cent this year. GMR Airports scrip rose as much as 1.2 per cent on being included in the MSCI India Domestic Index. Sona BLW Precision Forging rose 3.7 per cent despite being removed from the index. Acme Solar Holdings rose 9.8 per cent, and Authum Investment rallied 10.5 per cent after being included in the MSCI India Domestic Smallcap Index. Acme Solar is a renewable energy company, while Authum Investment is a non-banking finance company. Meanwhile, here are the stocks that could face selling pressure as they were removed from the small-cap index: Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies and Chemicals, HeidelbergCement India, Hemisphere Properties India, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development Company, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, and Shyam Metalics and Energy. The changes in the index will take place as of the close of May 30, 2025, the global index aggregator said in a statement in early hours of Wednesday.
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
MSCI rejig: Time to buy these 5 stocks for your portfolio? What charts say
The MSCI, in its semi-annual review, announced addition of Coromandel International and FSN E-Commerce Ventures (Nykaa) to its MSCI Global Standard Index, with effect from June 2025 onwards. Among other key additions, MSCI has included GMR Airports in its MSCI India Domestic Index. That apart, 12 stocks namely - Acme Solar Holdings, Authum Investment, Awl Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Technologies, International Gemmological, Le Travenues Technology, Premier Energies, Sagility India, Sai Life Sciences and Sona Blw Precision - will be part of the MSCI India Domestic Smallcap Index. Here's all you need to know about the MSCI additions and deletions. Given this background, what should your trading strategy be in these stocks? Here's a technical outlook on select 5 stocks from the MSCI additions, with key support and resistance levels. Coromandel International Current Price: ₹2,343 Downside Risk: Support: ₹2,250; ₹2,180; ₹2,150 Resistance: ₹2,380 Coromandel International stock rallied almost 50 per cent in the last three months to hit a high at ₹2,498. The stock is now showing some signs of tiring out; hence an intermediate correction cannot be ruled out. The 38.2 per cent and 50 per cent retracements levels of the recent level, indicate a likely downside target of ₹2,180 and ₹2,083 for the stock. Chart shows that the short-term bias for the stock is likely to remain positive as long as the stock holds above ₹2,150 levels, with near support seen at ₹2,250. For the uptrend to resume, the stock will need to break and trade consistently above ₹2,380. CLICK HERE FOR THE CHART Nykaa Current Price: ₹198.40 Upside Potential: Downside Risk: Support: ₹193.35; ₹188.50 Resistance: ₹204; ₹207 Nykaa stock is seen facing resistance at the key weekly super trend line at ₹198.65 levels. The stock needs to break and ensure a weekly close above the same for further gains to emerge. Post breakout the stock can potentially rally to ₹210 levels, with interim resistance seen at ₹204 and ₹207 levels. On the flip side, in case the stock fails to give a weekly breakout, Nykaa can slip back to ₹183-odd levels; with interim support anticipated around ₹193.35 and ₹188.50 levels. CLICK HERE FOR THE CHART GMR Airports Current Price: ₹87.92 Upside Potential Support: ₹87; ₹84.80; ₹81.50 Resistance: ₹90; ₹92.40; ₹94 GMR Airports is likely to trade with a favourable bias as long as the stock holds above ₹81.50 levels. Near support for the stock exists at ₹87 and ₹84.80 levels. On the upside, the stock can potentially surge to ₹98 levels, with interim resistance likely around ₹90, ₹92.40 and ₹94 levels. CLICK HERE FOR THE CHART Authum Investments Current Price: ₹2,135 Upside Potential: Support: ₹2,037; ₹2,005 Resistance: ₹2,250 Authum Investments has given a breakout on the daily and weekly scale. The near-term bias for the stock is expected to remain positive as long as the stock trades above ₹2,037 and ₹2,005 support zone. On the upside, the stock can potentially surge to ₹2,400 levels, with interim resistance likely around ₹2,250. CLICK HERE FOR THE CHART Le Travenues Technology (IXIGO) Current Price: ₹165 Upside Potential: Support: ₹ Resistance: ₹ Le Travenues stock seems on course to test ₹181 levels as per the weekly chart. Interim resistance for the stock can be expected around ₹171 and ₹178 levels. The near-term bias for the stock is likely to remain favourable as long as the stock holds above 163; below which key support for the stock stands at ₹155.50.
Mint
14-05-2025
- Business
- Mint
Nykaa share price gains over 3% following inclusion in MSCI Global Standard Index; inflows worth $172 million expected
Nykaa share price jumped over 3% after global index provider MCSI announced the stock's inclusion in its Global Standard Index. Nykaa shares rallied as much as 3.44% to ₹ 204.35 apiece on the BSE. FSN E-commerce Ventures, the parent company of the fashion and beauty e-tailer Nykaa, has been added to the MSCI India Index, a component of the broader MSCI Global Standard Index. The inclusion was part of MSCI's May index rebalancing, announced on May 14. In addition to Nykaa, Coromandel International has also been added to the index. However, Coromandel shares declined over 4% during Wednesday's trading session. MSCI stated that no deletions were made from the index in this review. The changes will be effective from the close of trading on May 30, 2025. According to JM Financial, Nykaa is expected to witness passive inflows of approximately $172 million due to its inclusion in the MSCI Standard Index. Coromandel International is projected to attract inflows of $216 million. Additionally, Cipla, Indus Towers, Grasim Industries, and Infosys have seen an increase in their weightage within the MSCI Standard Index. Estimated inflows from this weight adjustment are as follows: Indus Towers: $36 million Grasim Industries: $17 million Nykaa share price is forming a 30-week-long rounding bottom on the weekly chart, but the setup lacks strength due to weak volume — indicating limited institutional participation, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'Nykaa share price action also lacks a clean pivot breakout, making the pattern less reliable. Despite the structural hint of a potential base, the move appears rough and lacks conviction. If Nykaa stock manages to sustain upward, it may still head toward the ₹ 230 level, but traders should approach with caution and wait for clearer confirmation,' Jain said. Nykaa share price has delivered strong short- to medium-term performance, gaining 10% over the past month and 17% in the last three months. On a year-to-date (YTD) basis, Nykaa stock price is up 20%, with a 17% return over the past year and an impressive 60% gain over the last two years. However, despite these recent gains, Nykaa share price remains down 10% over a three-year period. At 11:20 AM, Nykaa share price was trading 0.18% higher at ₹ 197.90 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
