Why Swiggy and Hyundai Motor India shares rallied today: Know here
Shares of several India-listed companies rallied on June 20 after their inclusion in FTSE Russell’s indices, following the latest index reshuffle aimed at adjusting stock weights and segment classifications to reflect market changes. This reshuffle sparked hopes of higher order inflows, boosting share prices.
Hyundai Motor India shares climbed 4 per cent to reach an all-time high of Rs 1,985, while Swiggy gained 1.4 per cent, trading at Rs 379. Waaree Energies surged nearly 8 per cent to about Rs 2,879, marking its biggest single-day rise in eight weeks. NTPC Green Energy shares jumped nearly 4 per cent to Rs 108, and Sai Life Sciences increased over 1 per cent.
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The June 2025 FTSE index reshuffle is expected to bring significant passive inflows, with Vishal Mega Mart forecasted to attract 115 million US dollars, Hyundai 56 million US dollars, Waaree Energies 49 million US dollars, and Swiggy 32 million US dollars, according to Nuvama Alternative & Quantitative Research.
Other companies set to benefit include NTPC Green Energy (22 million US dollars), OneSource (15 million US dollars), Afcons Infrastructure (9 million US dollars), Sai Life Sciences (8 million US dollars), and Inventurus Knowledge (7 million US dollars), with total inflows estimated at 313 million US dollars.
However, Vishal Mega Mart shares fell over 1 per cent to Rs 125, while OneSource, Afcons Infrastructure, and Inventurus Knowledge saw marginal gains and losses.
The reshuffle, conducted by FTSE Russell—a subsidiary of the London Stock Exchange Group (LSEG)—also involves changes in stock weightings and segment shifts. Notably, ITC Hotels will move from the large-cap to the mid-cap segment. Additionally, 18 stocks including DAM Capital Advisors, Laxmi Dental, Mamata Machinery, One MobiKwik Systems, Quadrant Future Tek, Suraksha Diagnostic, Transrail Lighting, and Unimech Aerospace and Manufacturing were added to the FTSE Russell microcap segment.
Following these updates, Mobikwik shares rose 3 per cent, DAM Capital Advisors gained over 2 per cent, Laxmi Dental and Mamata Machinery advanced around 2 per cent each, and Transrail Lighting increased over 1 per cent.