ETERNAL

Rallies on MSCI Weightage Hopes

Shares of

, the parent company of Zomato and Blinkit, jumped over 4% on January 13 after its latest shareholding pattern showed foreign headroom rising above 25%, fuelling expectations of a higher MSCI index weightage in the upcoming February review. The stock touched a near one-month high of ₹297.30 and emerged as the top gainer on the Sensex and Nifty, extending its recent recovery despite a mild correction earlier, with gains of over 4% in the past five days and more than 8% over the last month, supported by strong trading volumes and improved investor sentiment.