Aurobindo Pharma hits new high
Aurobindo Pharma has been consistently hitting new 52-week highs since 13th May. Yesterday, the stock had closed at Rs.615 and today it opened higher at Rs.624.30, going on to hit a new 52-week high at Rs.632.30.
The stock has jumped up on the back of MSCI adding the company in their MSCI India index with effect from May 30.
At the same time, MSCI cut the weightage of HDFC Bank from 5.4% to 1.89%. Also in the Small cap Index, it added 13 stocks and deleted 13 stocks. It added Engineers, India, Bajaj Corp, Indian Bank (top gainer on the BSE currently). JP Power Ventures, Kajaria Ceramics, Mphasis, Oberoi Realty, VA Tech, Religare, Vakrangee. Ad it deleted Chambal Fert, Eicher Ltd, PC Jeweller, UCO Bank, State Bank of Tranvancore, Alok Industries.