- Vishal Mega Mart and Swiggy likely to join MSCI Standard Index with $287m and $285m inflows
- Hitachi Energy and Waaree Energies are also expected to be included in the MSCI Standard Index
- Sona BLW Precision Forgings and Thermax are set for exclusion from the MSCI Standard Index
Global Index provider MSCI is expected to announce major changes to its standard and small-cap indices, with several companies poised for inclusion and exclusion.
As per data from Nuvama, notable inclusions in the MSCI Standard Index are Vishal Mega Mart and Swiggy, with estimated inflows of $287 million and $285 million, respectively. Similarly, Hitachi Energy and Waaree Energies are also likely to join the index. Meanwhile, on the flip side, Sona BLW Precision Forgings and Thermax are expected to be excluded.
The small-cap index is also set to see a reshuffle with five new inclusions. IKS, Capri Global, Brainbees, Lumax Auto, and Belrise are likely to enter the index. Meanwhile, Bharat Dynamics, Bonadada Engineering, Hikal, and Kennametal are slated for exclusion.
These changes are part of MSCI's regular index review and are closely watched by global investors. The actual implementation is slated to happen on Friday, August 8. The rejig will likely also lead to passive funds rebalancing their portfolios.
Vishal Mega Mart's stock has risen much as 31.06% in last 12 months with stock's. relative strength index was at 69.
Out of 12 analysts tracking the company, nine maintain a 'buy' rating, two recommend a 'hold,' and one suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 2.7%
Meanwhile, Swiggy's stock has fallen much as 13.40% since listing. relative strength index was at 50.
Out of 25 analysts tracking the company, 18 maintain a 'buy' rating, four recommend a 'hold,' and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 13.6%
Swiggy also recently reported its first quarter earnings for financial year 2026 as listed firm. The company reported net loss at Rs 1,197 crore versus an earlier loss of Rs 1,081 crore but the firm's Ebitda loss narrowed to Rs 954 crore versus earlier Rs 962 crore
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