Zomato Ltd, DLF, MRF, Hindalco Industries, InterGlobe Aviation (IndiGo), Dr Reddy’s Labs and Paytm are also seen attracting up to $89 million in passive inflows each due to increased MSCI weightages.
Macquarie maintained an underperform rating on Zomato but raised the target price to Rs 96. The brokerage said that Zomato demonstrated improved unit economics, while also showing stronger growth in quick commerce in the past few quarters.
Zomato shares ended flat at Rs 157.45 on BSE on Monday. Zomato stock opened higher at Rs 157.50. In a year, the Zomato stock has risen 203% and climbed 26.47% in 2024.
Jio Financial Services Ltd (Jio Financial), ZEE, Shree Renuka Sugar, Power Grid, Federal Bank and NBCC other stocks on NSE that saw prise in both share price and volumes.
SJVN Ltd, YES Bank, NMDC Ltd, Indian Railway Finance Corporation Ltd (IRFC) and NHPC jumped and were among most active stocks on NSE in terms of volumes.