MSCI India Index August Rejig: Swiggy, Mazagon Dock, Waaree Energies May Include
The MSCI India Index is a stock market index designed by MSCI Inc. (Morgan Stanley Capital International). It represents the performance of the large and mid-cap segments of the Indian equity market, covering about 85% of the Indian stock market's total market capitalization.
When a stock is added, global funds tracking the MSCI India Index often buy into it, causing price and volume spikes.
Expected Inflows by Stock
Swiggy Ltd (SWIGGY):
With a high probability of inclusion, Swiggy is expected to see an inflow of approximately 385 million US dollars, with around 93.8 million shares impacted. The stock could see a 12.7% price change in the one month.
Mazagaon Dock Shipbuilders Ltd (MAZDOCKS):
This stock carries a medium probability of being included, and may attract an estimated 187 million US dollars in flows, affecting about 4.8 million shares. Its 1-month price change stands at 14.4%.
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Time of India
34 minutes ago
- Time of India
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If I look at a category like grocery, more than 80% is still largely driven by 10 million mom-and-pop outlets. We have seen a modern trade making some inroads, but it has still been restricted to top cities and then we saw overall growth starting to stabilise in modern trade while e-commerce did not really make any meaningful dent when it came to the grocery segment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo What we saw with quick commerce is a very strong growth over the last couple of years driven by the dark stores which provide convenience; pricing also has been reasonable and consumers use them more frequently. Also, they were able to crack unit economics with Eternal getting to EBITDA breakeven in 1H of FY25. What we have seen subsequently is a land grab phase in which everyone started investing more aggressively. 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Having said that, this is going to be a more competitive industry. The size of the industry is much larger compared to what the food delivery industry is and it is going to remain competitive. Right now, it is more a question of just getting the size and we expect margins to follow. Live Events You Might Also Like: Quick commerce apps stack up extra fees to curb losses How do you see unit economics evolving across food delivery and quick commerce as the market matures? Kunal Vora: In the case of food delivery, we have already seen that happening. In food delivery, if I look at over the last three years, this industry was making about $20 billion in EBITDA losses. In FY25, we have seen about $20 billion EBITDA positive numbers. In case of quick commerce, we believe that going forward, FY26 will remain a year in which there will be peak losses, but beyond that in FY27, we expect Eternal to get to breakeven level at EBITDA level. 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The big difference between the two is that in the case of food delivery, there is almost no capex, there is no working capital. So, whatever EBITDA they are able to generate is getting reinvested in another very large high growth opportunity which is quick commerce. So, that is a space which we prefer between the two. Even in terms of growth trends, over the last six years – FY19 to FY25 –, QSR industry has seen about 13% revenue CAGR, but that has been driven by 14% store CAGR and that is fairly capex intensive. You Might Also Like: Reinventing Retail: How local kirana stores are adapting to India's quick commerce boom Many of the companies like Jubilant FoodWorks, the capex was about 1-1.5 billion per annum in FY19, but that number is now about 7 billion in FY25. So, while we have not seen a meaningful increase in EITDA, the capex intensity has been fairly elevated in QSR industry and that is the reason we believe food delivery is a better place to be in. In terms of the audience that quick commerce caters to, help us understand how you expect quick commerce to evolve into a true mass market channel? Or will it remain an urban value proposition in the near future? Kunal Vora: In our projections, we see the quick commerce industry catering more to the affluent consumers by FY28. But once they achieve scale, they will be in a position to go mass market as well. For now, our expectation is about 40-45 million households will be spending about Rs 5,000 monthly on quick commerce that can be across various different categories. It can be home and personal care. It can be consumer electronics. There are various products which they can start adding. And beyond that, once they achieve scale, which is about $16 billion just between the two quick commerce companies, they will have many margin levers which can help them bring the cost down. 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Time of India
37 minutes ago
- Time of India
India-US relations: Jaishankar meets Hegseth in Pentagon; calls defence ties 'consequential pillar'
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