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Business: India's stocks have benefited the most in the latest change of global index provider FTSE. In this change, FTSE has included 13 of India's stocks in its All-World Index, which includes multibagger government stocks like Cochin Shipyard and banking stocks like Central Bank of India.
Top 13 stocks of India ranked
FTSE made this change on Friday. As a part of the change, 6 shares of Taiwan were included in the FTSE All World Index after India. Apart from them, one share each from Australia, South Korea and Hong Kong were also given a place in the FTSE All World Index. In this way, 22 shares were added to the prestigious FTSE index.
These shares were included in the All World Index
Stocks from India included in the FTSE All World index include Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, Housing and Urban Development (HUDCO), IRB Infrastructure Developers, KEI Industries, Lloyds Metals & Energy and Motilal Oswal Financial Services.
These 14 stocks got a place in the large cap index
Along with the All World Index, changes were also made in other FTSE indices. 14 Indian stocks were added to the FTSE Large Cap Index. They include Bharat Dynamics, Dixon Technologies (India), Jindal Stainless, Linde India, Mazagon Dock Shipbuilders, Oil India, Oracle Financial Services Software, PB Fintech, Phoenix Mills, Prestige Estates Projects, Rail Vikas Nigam (RVNL), Thermax-A, Torrent Power and UNO Minda. Adani Wilmar, One 97 Communications (Paytm), Page Industries, Tata Elxsi and UPL were excluded from this index.
These changes happened in the FTSE Mid Cap Index
Adani Wilmar, Bank of Maharashtra, Central Bank, Cochin Shipyard, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, HUDCO, IRB Infrastructure, KEI Industries, Lloyds Metals & Energy, Motilal Oswal, Paytm, Page Industries, Tata Elxsi and UPL were added to the FTSE mid-cap index, while Dixon Technologies (India), Jindal Stainless, Linde India, Mazagon Dock, Oil India, OFSS, PB Fintech, Phoenix Mills, Prestige Estates, RVNL, Thermax-A, Torrent Power and UNO Minda were dropped from the mid-cap index.
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