Jubilant FoodWorks shares slip on MSCI exclusion

Shares of Jubilant FoodWorks today fell by almost 2.5% after index provider MSCI excluded the stock from its small cap indices.

 

Jubilant FoodWorks stock ended at Rs 1,200.10, down 2.47% on the BSE. In intra-day, the scrip slipped 3.65% to Rs 1,185.50.

 

At the NSE, the stock settled the day with a loss of 2.53% 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% 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.