FTSE Global Index Rebalancing: Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies are set to join the FTSE global equity indices under the largecap category as part of the June 2025 quarterly review, FTSE Russell announced in a media release.
The index provider cited the companies’ recent initial public offerings (IPOs) as the key reason for their inclusion.
Hyundai Motor India, listed on October 22, 2024, currently commands a market cap of Rs 1.52 lakh crore. As of May 23, it last quoted a share price of Rs Rs 1,872 per share on the NSE. From its IPO issue price of Rs 1,960, it is trading at a discount of 4.5 per cent.
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NTPC Green Energy, which made its D-Street debut on November 27, 2024, boasts a market cap of Rs 93,490 crore. The stock’s last traded price is Rs 110.95 apiece on the NSE. From its IPO price of Rs 108, it has gained a mere 2.7 per cent till now.
Swiggy which got listed on the exchanges on November 13, 2024, boasts a market cap of Rs 80,482 crore. Its last traded share price is Rs 322.75 apiece on the NSE. From its IPO price of Rs 390, the stock has declined 17.24 per cent.
Waaree Energies was listed on the exchanges on October 28, 2024 and it enjoys a market cap of Rs 79,175 crore. The stock's last quoted price is Rs 2,756 apiece on the NSE. From its IPO price of Rs 1,503, the stock has advanced 83.36 per cent.
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ITC To Move Out Of Largecap Segment
Meanwhile, ITC Hotels, which was recently spun off from parent company ITC, will move out of the largecap index to join the midcap segment.
Vishal Mega Mart has also been added to the midcap category.
ITC Hotels’ current market price is Rs 214.16 per share on the NSE and has a market cap of Rs 44,570 crore. Vishal Mega Mart, listed on December 18, 2024, last traded at Rs 122.60 per share on the NSE and boasts a market cap of Rs 56,697 crore.
Key additions Into Smallcap, Microcap Segment
The smallcap segment will see three new Indian entries – Afcons Infrastructure, OneSource Specialty Pharma, and Sai Life Sciences.
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Meanwhile, 18 Indian companies are being added to the microcap index. These include Capital Infra Trust, Carraro India, Concord Enviro Systems, Dam Capital Advisors, Enviro Infra Engineers, Godavari Biorefineries, KRN Heat Exchanger and Refrigeration, Laxmi Dental, Mamata Machinery, One MobiKwik Systems, Quadrant Future Tek, Rossell Techsys, Sanathan Textiles, Senores Pharmaceuticals, Standard Glass Lining Technology, Suraksha Diagnostic, Transrail Lighting, and Unimech Aerospace and Manufacturing.
