Paytm, Adani Energy, among others, slated to join MSCI Global
[hfe_template id='11223']
[ad_1]
Coromandel International, Paytm's parent One 97 Communications, Nykaa-owner FSN E-Commerce, and Adani Energy Solutions are likely contenders for inclusion in the MSCI Global Standard Index, according to estimates by Nuvama Alternative Research. The next MSCI index review will be announced on May 14, with the changes taking effect from May 30. As per MSCI's methodology, the cut-off period for determining eligibility typically spans the last 10 trading days of April. Among the likely additions, fertiliser major Coromandel International has gained 14% year-to-date, outperforming the Nifty, which has declined 1% in the same period. If included, the stock could see passive inflows of around $210 million. Despite a 15% drop in its share price this year, One 97 Communications still has a strong chance of being added to the index, with potential inflows of $209 million, according to Nuvama. ETMarkets.com Shares of FSN E-Commerce and Adani...