Hyundai, NTPC Green, Swiggy, Waaree Energies To Join Largecap Segment

Last Updated:May 26, 2025, 08:03 IST

ITC Hotels—a recent demerger from the diversified ITC group—will move from the largecap to the midcap segment

FTSE Index Rejig June: Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies are set to join the FTSE Global Equity Indices in the largecap category as part of the June 2025 quarterly review, according to a media release by FTSE Russell. Meanwhile, ITC Hotels—a recent demerger from the diversified ITC group—will move from the largecap to the midcap segment.

These four entrants are recent IPOs, having gone public between October and November 2024. Swiggy, which debuted on November 13, 2024, is currently trading 17% below its issue price of Rs 390. Hyundai Motor India, listed on October 22, 2024, is down 4.5% from its IPO price of Rs 1,960. NTPC Green Energy, listed on November 27, 2024, is trading slightly above its issue price at Rs 110.95. Waaree Energies, however, has delivered an impressive post-listing performance, rising 83% from its issue price of Rs 1,503 to Rs 2,756.

In the midcap segment, Vishal Mega Mart is a notable inclusion. The smallcap index will see additions including Afcons Infrastructure, OneSource Specialty Pharma, and Sai Life Sciences.

The microcap segment will expand to include 18 companies: Capital Infra Trust, Carraro India, Concord Enviro Systems, DAM Capital Advisors, Enviro Infra Engineers, Godavari Biorefineries, KRN Heat Exchanger and Refrigeration, Laxmi Dental, Mamata Machinery, One MobiKwik Systems, Quadrant Future Tek, Rossell Techsys, Sanathan Textiles, Senores Pharmaceuticals, Standard Glass Lining Technology, Suraksha Diagnostic, Transrail Lighting, and Unimech Aerospace and Manufacturing.

Separately, food delivery platform Eternal (formerly Zomato) is facing a potential passive outflow of $840 million due to a planned reduction in its index weighting by FTSE and MSCI. This move follows a cut in the company’s Foreign Ownership Limit (FOL), with its investability weighting in the FTSE All World Index dropping from 82.74% to 49.5%.

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