INSUBCONTINENT EXCLUSIVE:
Amid superlative performance of Bata India, Jubilant FoodWorks and Nippon Life India Asset Management, the FTSE has decided to consider
these companies for both FTSE All-World and FTSE Global Equity Series list in its latest March 2020 semi-annual review .
Shares of Nippon
Life India Asset Management have soared 183 per cent to trade at Rs 441.70 as of February 20 this year against Rs 155.90 on the same day
Shares of Bata India and Jubilant FoodWorks have gained 42 per cent and 45 per cent, respectively, during the same period
On the other hand, the benchmark BSE Sensex has advanced 15 per cent.
The FTSE Global Equity Index Series covers securities in 49 different
countries and is divided into developed, advanced emerging and secondary emerging segments.
The index provider has also added Ashok Leyland,
Oracle Financial Services Software, Bata India, Jubilant FoodWorks, Vodafone Idea, Indiabulls Housing Finance and YES Bank in its Global
Equity index series.
On the other hand, FTSE excluded Adani Transmission and Wockhardt from its FTSE All-World series
Shares of the former have advanced 50 per cent since February last year, while the latter declined 9 per cent in the same period
creating index offerings for global financial markets.