AB Capital a good candidate for MSCI entry: Nuvama

Mumbai: Nuvama Alternative and Quantitative Research expects Aditya Birla Capital to emerge as a strong candidate for the MSCI index in the February 2026 review, following a block deal by Advent International's affiliate, Jomei Investments, on Tuesday. Jomei sold its entire 2.04% stake in the company at around ₹308 per share in block deals worth ₹1,639 crore on both the exchanges, a move that will lift the stock's free float and improve its eligibility for index inclusion.

An MSCI inclusion could lead to potential inflows of around $230 million, said Nuvama Alternative's Abhilash Pagaria.

"At around ₹305-310, the stock becomes a strong contender for MSCI inclusion in the February 2026 review," he said. "The stock remains a good tactical play, with room to gradually move towards the ₹340." Aditya Birla Capital shares rose 0.6% to close at ₹312.45 on Tuesday. So far this year, the stock has gained nearly 75%.