​MSCI rejig: These 14 smallcap stocks may see inflows worth $135 million. Do you own?

MSCI has announced several additions and exclusions to its global indices. As many as 14 smallcap Indian stocks will be added to its smallcap index, which would see inflows cumulatively worth around $135 million after the rejig takes effect on May 29, according to a report by Nuvama Institutional Equities. Out of this, the addition of Jubilant Foodworks and Kalyan Jewellers to the smallcap index will come after their exclusion from the broader MSCI Standard index, leading to the two stocks overall seeing net outflows, as per Nuvama’s calculations. Here are the other smallcap stocks which may see net inflow following the rejig.

The tractor and machinery manufacturer is slated for an inclusion that could bring in $14 million, according to Nuvama. Escorts Kubota shares have fallen more than 10% in one week and 5% in one month. The stock is overall down 22% in 2026 so far. In the longer term, the shares of the company jumped 44% in three years and 155% in five years.

Indian Renewable Energy Development Agency (IREDA) will likely see inflows worth $13 million, as per Nuvama. The shares of the renewable energy financier have fallen 6% in one week but gained over 4% in one month. The stock is overall down 8% so far in 2026 and 23% in one year.

Nuvama expects Anthem Biosciences to see inflows worth $10 million after addition to the MSCI smallcap index. The recently-listed shares of the company have gained over 5% in one week and 11% in one month, and are overall up 27% in 2026 so far.

Security and surveillance major Aditya Infotech is predicted to receive $10 million in passive inflows after the inclusion. The shares of the company have risen 27% in one month and more than 63% in 2026 so far.

The edtech stock is set for an inflow of $8 million after inclusion to MSCI’s smallcap index, according to Nuvama. The recently-listed shares of the company have jumped 3% in one week and 11% in one month, but are overall down more than 16% in 2026 so far.

Tenneco Clean Air is expected to witness inflows worth $7 million after inclusion to MSCI’s smallcap index, according to Nuvama. The stock has fallen more than 5% in one week, but gained around 11% in one month and 22% in 2026 so far.

Fractal Analytics is likely to attract $6 million in inflows following its inclusion in the smallcap list, according to Nuvama. The shares of the company have fallen more than 9% in one week but gained over 10% in one month.

Fintech platform Pine Labs is anticipated to see an inflow of $5 million, as per Nuvama. The shares of the popular digital payments platform made a decent market debut in November last year, listing at a premium of nearly 9.5% over the IPO price at Rs 242 apiece on NSE. This came after the Rs 3,900-IPO of the company was subscribed around 2.5 times. On its debut day, the shares of the company hit a 52-week high of Rs 284 apiece, before beginning to decline. The shares of the company have fallen around 30% in 2026 so far.

Environmental solutions provider Jain Resource Recycling is slated for a $5 million inflows after inclusion to MSCI’s smallcap index. The shares of the company have gained over 24% in one week and 36% in one month, and are overall up 41% in 2026 so far. Solar module manufacturer Emmvee Photovoltaic is expected to see inflows of $5 million, followed by Bluestone Jewellery ($4 million) and Anupam Rasayan India ($4 million).
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