Jubilant FoodWorks shares slip on MSCI exclusion

Shares of Jubilant FoodWorks today fell by almost 2.5 per cent after index provider MSCI excluded the stock from its small cap indices.
Jubilant FoodWorks stock ended at Rs 1,200.10, down 2.47 per cent on the BSE. In intra-day, the scrip slipped 3.65 per cent to Rs 1,185.50.
At the NSE, the stock settled the day with a loss of 2.53 per cent at Rs 1,200.
Shares of Jubilant FoodWorks will be excluded from the MSCI global small cap indices effective January 14, 2014, MSCI said in a statement late yesterday.
Jubilant FoodWorks stocks yesterday fell by over 3 per cent after the Reserve Bank said foreign institutional investors (FIIs) are not allowed any longer to purchase shares in the company as foreign shareholding in it has reached the trigger limit.