Indus Tower, Canara Bank among 12 stocks that may get included in MSCI index
1/12
Index Rejig
Global brokerage Nuvama listed 12 stocks on which it has a high conviction of getting included in the MSCI Global Standard Index while Paytm, Berger Paints, and IGL have a high probability of getting excluded.
The report calculates an estimate of inflows in the high conviction stocks through passive funds, while the actual announcement of these inclusions will be made on May 15 (3:30 am IST), the final adjustments will be made on May 30.
The report calculates an estimate of inflows in the high conviction stocks through passive funds, while the actual announcement of these inclusions will be made on May 15 (3:30 am IST), the final adjustments will be made on May 30.
2/12
Indus Towers
Nuvama expects an inflow of $224 million in Indus Towers through the passive funds.
3/12
PolicyBazaar
An inflow of $223 million is anticipated in Policy Bazaar.
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4/12
Phoenix Mills
On inclusion, Phoenix Mills could see an inflow of $213 million.
5/12
Sundaram Finance
The brokerage firm expects Sundaram Finance to receive inflows of $207 million.
6/12
Solar Industries India
SOIL can witness an inflow of $170 million through a purchase of nearly 1.6 million shares.
7/12
Bosch
Nuvama expects an inflow of $164 million in Bosch through the passive funds.
8/12
Jindal Stainless
On inclusion, JDSL could witness an inflow of $162 million.
9/12
Torrent Power
An inflow of $160 million is anticipated in Torrent Power after the probable index inclusion.
10/12
Mankind Pharma
Mankind Pharma may receive inflows worth $158 million.
11/12
JSW Energy
JSW Energy might see inflows worth $145 million.
12/12
Canara Bank
The lender is likely to receive funds worth $144 million via passive funds.