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New Delhi: Global index services provider MSCI is going to add as many as seven stocks to its standard index as part of a semi-annual review. Godrej Consumer Properties, , SFR, , Tata Power, Mindtree and Mphasis will be added to MSCI India Index, whereas IPCA Laboratories and REC will be removed from the list.
The changes will come into effect from November 30th.
According to estimates from Edelweiss Research, the inclusions could result in inflows of about $1.4 billion (Rs 10,500 crore) into these seven stocks by the end of this month.
After the inclusion, Tata Power may see inflows of Rs 1,800 crore. The stock has already rallied as much as 125 per cent in the last six months, Edelweiss report suggested.
According to estimates, SRF's inclusion may lead to inflows of Rs 1,733 crore. The scrip is up by 70 per cent in the last six months, whereas it has jumped 110 per cent in the last one year.
Mindtree and IRCTC, which have rallied 127 per cent and 144 per cent, respectively in the past six months, may see passive flows of Rs 1,500 crore and 1,283 crore, respectively.
The newly-listed Indian unicorn Zomato may see inflows of Rs 1,135 crore. The counter has been included in the index on the basis of free-float market capitalization with the anchor lock-in period getting over.
IPCA Laboratories, which remained flat in the last six months, could see outflows of a little over Rs 800 crore while REC could see Rs 758 crore as a result of their exclusion later this month, according to the brokerage.
The changes will come into effect from November 30th.
According to estimates from Edelweiss Research, the inclusions could result in inflows of about $1.4 billion (Rs 10,500 crore) into these seven stocks by the end of this month.
After the inclusion, Tata Power may see inflows of Rs 1,800 crore. The stock has already rallied as much as 125 per cent in the last six months, Edelweiss report suggested.
According to estimates, SRF's inclusion may lead to inflows of Rs 1,733 crore. The scrip is up by 70 per cent in the last six months, whereas it has jumped 110 per cent in the last one year.
Mindtree and IRCTC, which have rallied 127 per cent and 144 per cent, respectively in the past six months, may see passive flows of Rs 1,500 crore and 1,283 crore, respectively.
The newly-listed Indian unicorn Zomato may see inflows of Rs 1,135 crore. The counter has been included in the index on the basis of free-float market capitalization with the anchor lock-in period getting over.
IPCA Laboratories, which remained flat in the last six months, could see outflows of a little over Rs 800 crore while REC could see Rs 758 crore as a result of their exclusion later this month, according to the brokerage.
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