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IREDA, Cello, and Mamaearth may be added to the MSCI index, but Nykaa and Mankind must rally further.

IREDA, Cello, and Mamaearth may be added to the MSCI index, but Nykaa and Mankind must rally further.

IREDA: Inclusion or increase in stock weightage in global indices such as MSCI and FTSE results in inflows from index-tracking passive funds. Exclusion from these indices typically results in outflows. As a result, the announcements are widely followed. According to Nuvama Alternative & Quantitative Research, recently listed IREDA, Cello World, Honasa Consumer Products, and Signature…

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IndusInd Bank stock hits a 52-week high with a 20% YoY increase in Q3 net advances.

IndusInd Bank stock hits a 52-week high with a 20% YoY increase in Q3 net advances.

IndusInd Bank stock: The fifth-largest private bank in India, IndusInd Bank is a newer private sector bank supported by the Hinduja group. Its shares broke its one-year peak of ₹1,618 and reached a new 52-week high of ₹1,650.7 apiece in today’s trade. The bank’s quarterly update for 3QFY24 was released on Wednesday, which coincided with…

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