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For Wall Street and the City of London, India’s inclusion offers an opportunity to diversify holdings and penetrate deeper into an economy that’s growing at one of the fastest paces in the world.

The company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock options by employees", reports said, adding that at Rs 10 each, the company reported earnings per share of Rs 10.90 crore (basic) and Rs 10.87 crore (diluted), while its paid up equity share capital stood at Rs 168.59 crore, a very modest 0.006 per cent sequential increase.

The counter fell to a low of Rs 1,849.55 against Rs 1,892.60 at the previous close on the NSE. The stock was last trading 1.73 per cent lower.

The Relative Strength Index of the stock stood at 33.58 on Friday.

“In the last five-six quarters, we had seen a shift from the unbranded to branded consumption. Probably because of the high commodity prices, there would be a pause in rural demand and that probably is one of the reasons why we have seen the deceleration in the growth rate of rural India consumption levels.”

A total of 8,713 shares changed hands on the counter till 10:36AM (IST)

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 536235.47 Crore) operating in FMCG sector.

Shares of Tata Elxsi and KPIT Tech, two of the tech firms that cater to such needs of original equipment makers, have grabbed attention in the recent months. Both stocks are trading near their all-time high levels.

The stock traded at a P/E multiple of 130.93, while the price-to-book value ratio stood at 5.28.

The mayor last year said he would take his first three paychecks in bitcoin and signaled his intention to make his city the "center of the cryptocurrency industry".