Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said.
Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place from November 30.
These changes are expected to result in flows of about $1.5 billion into these stocks end-November, analysts’ estimates showed.
, which rallied 65% in the last six months, could see an inflow of $200 million, while Indian Hotels and Varun Beverages could see inflows of $190 million and $180 million, respectively.
Shares of Indian Hotels gained 36% in the past six months, while Varun Beverages surged 76% during this period. Two auto stocks – and – are expected to get inflows of $163 million and $140 million, respectively.
could be included in the MSCI Standard index as believes the stock will be moving to the buffer zone in this review as full market capitalisation is above the cut-off for the Small Cap index, though float market capitalisation is below the threshold.
Other stocks such as Bajaj Holdings, , Astral, , and are expected to see inflows between $115 million and $143 million if they are included in the MSCI Standard Index.
, which remained flat in the past six months, and , which declined nearly 17% during this period, are likely to be excluded from the index, according to IIFL Securities.
Denial of responsibility!NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
