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MSCI Index Rejig: Three Adani Group Firms, SBI Cards In, Zee Entertainment Out

May 13 2021, 1:07 AM May 12 2021, 2:46 PM May 13 2021, 1:07 AM Three Adani Group companies are among the six stocks to be added to MSCI India index in its half-yearly review as investor excitement around the group continues.MSCI Inc., the world s biggest index compiler, will add to the index:Adani Gas Ltd.Adani Enterprises Ltd.Adani Transmission Ltd.Cholamandalam Investment and Finance Co.SBI Cards & Payment Services Ltd.Bharat Electronics Ltd.Billionaire Gautam Adani-controlled Adani Green Ener. Three Adani Group companies are among the six stocks to be added to MSCI India index in its half-yearly review as investor excitement around the group continues.

After weak debut, Indian F&B chain Barbeque-Nation shares jump 18%

After weak debut, Indian F&B chain Barbeque-Nation shares jump 18% Photo by Chan Walrus from Pexels April 7, 2021 Shares of restaurant chain Barbeque-Nation Hospitality recovered early losses to rise 18% in their debut trading on Wednesday, helped by a rally in broader Indian markets on the central bank’s decision to stand pat on key interest rates. The Bengaluru-based casual dining restaurant chain, which offers unlimited barbecue buffets, raised about 4.53 billion rupees ($61.62 million) through an initial public offering (IPO). Shares of Barbeque-Nation, which also operates the high-end Toscano eatery chain, opened at 489.85 rupees, below the offer price of 500 rupees. The stock recovered to trade up 17.6% after dropping as much as 3.6% in the early session.

Indian restaurant chain Barbeque-Nation falls in debut trade

3 Min Read BENGALURU (Reuters) - Shares of restaurant chain Barbeque-Nation Hospitality recovered early losses to rise 18% in their debut trading on Wednesday, helped by a rally in broader Indian markets on the central bank’s decision to stand pat on key interest rates. A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 1, 2020. REUTERS/Francis Mascarenhas The Bengaluru-based casual dining restaurant chain, which offers unlimited barbecue buffets, raised about 4.53 billion rupees ($61.62 million) through an initial public offering (IPO). Shares of Barbeque-Nation, which also operates the high-end Toscano eatery chain, opened at 489.85 rupees, below the offer price of 500 rupees. Stock recovered to trade up 17.6% after dropping as much as 3.6% in early session.

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