Tata Consumer, IGL Biocon candidates for MSCI Index: report

NEW DELHI: Tata Consumer, Indraprastha Gas, Torrent Pharmaceuticals, Biocon and Muthoot Finance are the inclusion candidates for the MSCI index which is to be updated on May 13, according to a Morgan Stanley research report. The stocks that are likely to be excluded as per Morgan Stanley are Bharat Forge, Tata Power and Mahindra and Mahindra Financial Services. HDFC Standard Life Insurance is likely to see a weight increase. The chances of inclusion of Tata Consumer are high with an expected inflow $93 million, the highest amongst all candidates. Torrent Pharma also has high likelihood of inclusion with likely inflows of $73 million. The likelihood of inclusion of Indraprastha gas is medium with likely inflows of $61 million and so are the chances of Biocon with expected inflows of $62 million. The likelihood of Muthoot Finance is low with likely inflows of $51 million. Among the exclusion candidates, the likelihood of exclusion is high for all three candidates. Bharat Forge is likely to see outflows of $40 million, Tata Power at $21 million and Mahindra and Mahindra Financial Services is likely to see outflows of $31 million. The likelihood of weight increase of HFDC Standard Life Insurance is high with likely inflows of $ 66 million. (IANS)

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