MSCI Rejig: Nykaa may enter standard index with $210 million inflows, Adani Energy Solutions also a candidate
Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025.
The MSCI India Standard Index rejig on May 13 may see Nykaa included, attracting $210 million in passive inflows. Adani Energy Solutions and Coromandel International have lower inclusion chances, while Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025.
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The upcoming MSCI India Standard Index rejig, scheduled for May 13, is expected to bring significant changes, with FSN E-Commerce Ventures (Nykaa) likely to be included. This inclusion could attract about $210 million in passive fund inflows, according to JM Financial 's analysis.Nykaa is seen as a strong candidate for inclusion in the MSCI India Standard Index, with JM Financial giving it a "high probability" of being added. The changes, which will take effect on June 3, 2025, could impact around 92 million shares, with passive inflows of up to $210 million.In terms of performance, Nykaa shares have risen nearly 9% in the last year and gained 10.5% in the last week. Technical indicators show the stock is trading above all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 64.7, indicating the stock is neither oversold nor overbought.Two other stocks, Adani Energy Solutions and Coromandel International are also being considered for inclusion, though both have a "low probability" of making the cut. If added, Adani Energy Solutions could see passive inflows of around $270 million, impacting 23.9 million shares. However, the stock has fallen 12% over the past year.In contrast, Coromandel International, which has surged 87% in the past year, could attract passive inflows of $200 million, impacting 7.6 million shares.On the flip side, Thermax Ltd is expected to be excluded from the index, potentially leading to outflows of around $120 million, with an impact on 2.8 million shares.Over the past year, Thermax shares have fallen 21% and dropped nearly 9% in the last month. Technical indicators show the stock is trading below four of its eight key simple moving averages, including its 5-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 51.4, suggesting the stock is neither overbought nor oversold.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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