Eternal shares, despite buoyancy in the overall market mood, tumbled by as much as 4 per cent at the day’s low to Rs 227.95 per share. At around 11 am, shares traded weak by 3.1 per cent or Rs 7.35 at Rs 230.1 apiece while the broader Nifty50 was trading around 25,000 levels after breaching these levels in early trade.
The losses in these stocks were triggered after global indices namely, MSCI and FTSE both reduced the weight of the new-age stock, which is also the new Nifty50 entrant.
As per reports, the weightage has been lowered as a result of the foreign ownership limit (FOL) which has come down in the counter from the earlier cent per cent to 49.5 per cent. This revision effectively limits the cap of overseas investment in the company.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
