Jubilant FoodWorks dips on exclusion from MSCI global small-cap index
The stock has fallen over 6% in past two tradings sessions after RBI barred buying by FIIs in shares of the company.
Jubilant FoodWorks has dipped over 3% to Rs 1,191 after index provider MSCI excluded the company from the MSCI global small-cap index.
According to MSCI statement on website, Jubilant FoodWorks to be deleted from MSCI Global Small-Cap Index from January 14, the Bloomberg report suggests.
MSCI is a leading provider of benchmark indices globally.
On Thursday, the stock was down 3% after the Reserve Bank of India (RBI) barred buying by foreign institutional investors (FIIs) in shares of the company as the foreign shareholding in the company has reached the trigger limit.
According to MSCI statement on website, Jubilant FoodWorks to be deleted from MSCI Global Small-Cap Index from January 14, the Bloomberg report suggests.
MSCI is a leading provider of benchmark indices globally.
On Thursday, the stock was down 3% after the Reserve Bank of India (RBI) barred buying by foreign institutional investors (FIIs) in shares of the company as the foreign shareholding in the company has reached the trigger limit.