Recently-listed entities, including IREDA, Cello World, Honasa Consumer Products, and Signature Global, are emerging as top contenders for inclusion in the MSCI Smallcap index, as predicted by Nuvama Alternative & Quantitative Research. The official announcement by MSCI is expected on February 13, with adjustments scheduled for February 29. Alongside these, potential additions to the MSCI Smallcap index include Jaiprakash Associates, RR Kabel, KPI Green Energy, Protean e-gov, Swan Energy, J Kumar Infraprojects, RattanIndia Power, Time Technoplast, Ethosa, Sandur Manganese, Kesoram Industries, Sai Silks Kalamandir, Fedbank, and DB Realty. The calculated inclusion of these stocks could result in significant passive inflows, ranging from $2 million to $11 million. This forecasted reshuffling is closely monitored as inclusion or exclusion from global indices affects fund flows.
Nuvama Alternative & Quantitative Research has identified recently-listed companies, including IREDA, Cello World, Honasa Consumer Products, and Signature Global, as leading candidates for inclusion in the upcoming MSCI Smallcap index.
The official announcement is scheduled for February 13, with adjustments set to be implemented on February 29. Other potential additions to the index, such as Jaiprakash Associates, RR Kabel, KPI Green Energy, Protean e-gov, Swan Energy, and more, have seen significant rallies in the past three months, making them eligible for inclusion. Nuvama’s calculations suggest that IREDA’s inclusion alone could bring about $11 million in passive inflows, while other stocks may witness $2-7 million of inflows each. Inclusion in global indices like MSCI often leads to inflows from passive funds, emphasizing the significance of these announcements in the financial market.