New Delhi, June 20 -- Shares of Waaree Energies surged over 11 percent on Friday, June 20, after reports confirmed the stock's likely inclusion in the upcoming FTSE global index rejig. The counter jumped to an intraday high of Rs.2,975, as investors rushed to price in passive inflows ahead of the revision's implementation.

London-based Financial Times Stock Exchange (FTSE) is set to announce its latest index composition changes on June 20, with the resultant inflows expected to begin from June 23. As per brokerage estimates, Waaree Energies could attract $49 million in passive investments from global funds tracking the index.

Other stocks expected to benefit include Vishal Mega Mart with inflows pegged at $115 million, Hyundai Motor Ind...