Likely MSCI inclusion for India's Nykaa, Adani Energy in May rejig, says JM Financial

Adani Energy Solutions

28/04/2025 07:11

** India's Nykaa FSNE.NS, Coromandel International CORF.NS and Adani Energy Solutions ADAI.NS likely to enter MSCI India Standard index in May rebalancing, says JM Financial

** FSNE has high probability of inclusion, while CORF and ADAI have low probabilities

** Thermax THMX.NS likely to be excluded from the index as part of rebalancing

** Index provider MSCI to announce rejig on May 13, post market hours. Changes to be effective from June 3

** Rejig could lead to inflows between $200 million and $270 million each into CORF, FSNE and ADAI

** CORF, FSNE and ADAI up 0.6%, 0.9% and 1.9%, respectively on the day; THMX flat

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))