JSW Holdings buzzing loud

JSW Holdings Ltd (JSWHL) is currently the top gainer on the BSE; from its close of Rs.13,066.85, the stock, though opened much lower at Rs.12,947.95, it soon climbed up to hit a new 52-week high at Rs.15,010, up15%.

The stock is reacting to its inclusion in the MSCI Smallcap Index Rejig, which is scheduled for November 25.

Eureka Forbes, Signature Global India, Aadhar Housing Finance, and JSW Holding - are the four small cap stocks that will be included in the index and are expected to receive $7 million inflow each.

JSW Holdings Limited is an Core Investment Company that forms the investment arm of the JSW Group. The company’s main holdings are in the Group’s Steel companies.

Its major holdings include 7.42% or 18.14 crore shares in JSW Steel, 13.6 lakh shares or 0.17% in Jindal Stainless Steel, 37 lakh shares or 0.36% in JSPL.