Kalyan Jewellers Share Price Rose 1.56%; Joins MSCI Global Standard Index

Kalyan Jewellers captured investor attention on Thursday. On November 7, 2024, Kalyan Jewellers share price opened at ₹704.00, up from its previous close of ₹700.00. At 9:35 AM, the share price of Kalyan Jewellers was trading at ₹710.95, up by 1.56%.

Added to the MSCI Global Standard Index 

The focus comes after a significant announcement from MSCI Inc., the global index provider. MSCI Inc., revealed the results of its November 2024 index review, effective after the market closes on November 25, 2024.

Kalyan Jewellers is set to join the MSCI Global Standard Index, a notable addition as part of MSCI’s latest reshuffling. This move will likely attract new investors and increase the stock’s visibility on an international scale, especially among institutional investors who use MSCI indexes for portfolio tracking. 

In addition to Kalyan Jewellers, four other companies, Voltas, Alkem Laboratories, Oberoi Realty, and BSE have also been added to the MSCI Global Standard Index, marking a positive signal for these stocks as well.

Further, Kalyan Jewellers’ position in the MSCI Emerging Markets Index was upgraded from the small-cap segment to the mid-cap segment. 

Q2 and H1 FY 2025 Financial Results Soon

Kalyan Jewellers recently notified stock exchanges about its upcoming financial review. The company’s board has set Wednesday, November 13, 2024, as the date to consider and approve the unaudited standalone and consolidated financial results for Q2 and H1 FY25, ending September 30, 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.