Swiggy, Hyundai, Waaree Energies Among Stocks Surge Up to 8% on FTSE Index Inclusion

Major Indian Stocks Rally on FTSE Russell’s June Rejig

Several India-listed companies saw a sharp uptick in their stock prices on June 20 following their inclusion into global index provider FTSE Russell’s indices, leading to a broad-based rally driven by expectations of passive fund inflows.

Key Gainers and Stock Movement

Hyundai Motor India led the surge, rising 4% to hit an all-time high of ₹1,985 per share. Swiggy gained 1.4% to trade at ₹379, while Waaree Energies surged nearly 8% to ₹2,879, marking its strongest single-day rally in eight weeks. NTPC Green Energy also witnessed a 4% rise, trading at ₹108, and Sai Life Sciences climbed over 1%.

FTSE Inflows Forecast: $313 Million Expected

The rejig is projected to bring in significant foreign investments, with Hyundai likely to attract $56 million in passive inflows. Waaree Energies is expected to draw $49 million, Swiggy $32 million, and NTPC Green Energy $22 million. Other beneficiaries include OneSource ($15 million), Afcons Infrastructure ($9 million), Sai Life Sciences ($8 million), and Inventurus Knowledge ($7 million).

Vishal Mega Mart Bucks the Trend

Contrary to the broader positive sentiment, Vishal Mega Mart shares dropped over 1% to ₹125 despite being slated to receive the highest estimated inflow of $115 million. The reason behind this underperformance remains unclear.

Microcap Segment Inclusions

Eighteen new stocks were added to the FTSE Russell microcap segment. Notables among them include One MobiKwik Systems, which jumped 3%, DAM Capital Advisors with over 2% gains, and Laxmi Dental and Mamata Machinery trading 2% higher each. Transrail Lighting also posted over 1% gains.

Sector Reclassifications

As part of the reshuffle, ITC Hotels was moved from the largecap to midcap segment, reflecting changes in its relative market position.

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