Latest news with #MSCIIndexes
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Business Standard
6 days ago
- Business
- Business Standard
Swiggy rises 2% a day after BNP Paribas Financial Mkts buys 0.32 mn shares
Swiggy share price rose 2.3 per cent in trade, logging an intraday high at ₹394.95 per share. At 10:43 AM, Swiggy shares were trading 1.54 per cent higher at ₹392 per share on the BSE. In comparison, the BSE Sensex was up 0.07 per cent at 83,294.82. The company's market capitalisation stood at ₹97,750.96 crore. Its 52-week high was at ₹617 per share and 52-week low was at ₹297 per share. Why are Swiggy shares buzzing in trade? The northward movement in the stock came a day after BNP Paribas Financial Markets bought 0.32 million shares at ₹381 per share from Citigroup Global Markets Mauritius, according to block deal data on BSE. As of March 2025, mutual funds held a 5.82 per cent stake in the company, alternate investment funds 0.98 per cent, and insurance companies held a 1.36 per cent stake. In other developments, recently, food delivery platform Swiggy announced the launch of the 99 Store, a new range of offerings on its application (app). The section, which features quickly prepared dishes, offers single meals at a flat price of ₹99. The store is currently available to users in more than 175 cities, including Bengaluru, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune, Chennai, Lucknow, Vadodara, Thiruvananthapuram, Tirupati, Patna, Surat, Bhopal, Dehradun, Mysuru, and Ludhiana. That apart, Swiggy is among stocks that could be added to the MSCI Indexes in the upcoming review this August, according to JM Financial. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours, the brokerage said in a note. The counter of the food delivery giant has recently come under focus as Rapido is gearing up to enter the food delivery space. Rapido is expected to charge a commission rate of 8-15 per cent from restaurant partners, which is significantly lower than Zomato and Swiggy's 21–22 per cent blended rates. The August 2025 rejig may include up to four additions, drawing estimated inflows of $850 million, it added. The changes will take effect from August 27. Swiggy is the only 'high' probable stock that could enter the global index aggregator's MSCI India Standard Index. The food delivery firm is expected to bring flows worth $385 million, the report sa
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Business Standard
16-06-2025
- Business
- Business Standard
MSCI rejig: Swiggy, Mazagon Dock among 4 entrants; $850 mn inflows likely
Swiggy Ltd., Mazagaon Dock Shipbuilders Ltd., Hitachi Energy India Ltd. and Waaree Energies Ltd. are the four stocks that could be added to the MSCI Indexes in the upcoming review this August, according to JM Financial. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours, the brokerage said in a note. The August 2025 rejig may include up to four additions, drawing estimated inflows of $850 million, it added. The changes will take effect from August 27. Swiggy is the only 'high' probable stock that could enter the global index aggregator's MSCI India Standard Index. The counter of the food delivery giant has recently come under focus as Rapido is gearing up to enter the food delivery space. Rapido is expected to charge a commission rate of 8-15 per cent from restaurant partners, which is significantly lower than Zomato and Swiggy's 21–22 per cent blended rates. Shares of Swiggy tumbled 33 per cent so far this year, compared to a 4.8 per cent advance in the benchmark Nifty50 index. The food delivery firm is expected to bring flows worth $385 million, the report said. Meanwhile, the shares of Mazagaon Dock and Hitachi Energy are under JM Financial's 'Medium Probability' list for the MSCI index inclusion. Mazagaon Dock scrip has cooled off after it saw a rally in May on the back of India's increased geopolitical tensions with Pakistan amid 'Operation Sindoor'. The stock of the shipbuilding company has fallen 10 per cent in June so far, after a 14 per cent rise in the month before. So far this year, the shares of Mazagaon Dock have surged by 40 per cent. Mazagaon Dock and Hitachi Energy are likely to bring inflows worth $187 million and $165 million, respectively. Waaree Energies is under the 'Waaree Energies' for its inclusion in the MSCI India Standard Index. With a market capitalisation of ₹80,506.81 crore, the stock has been under consolidation since the end of April. In the year so far, the stock has been almost flat with a 1.8 per cent decline. Earlier, in the May semi-annual review, MSCI included Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the parent company of Nykaa, in its MSCI Global Standard Index. There were no deletions from the Global Standard Index, and the changes took place as of the close of May 30, 2025.
