Big changes are coming to the MSCI India Standard Index on May 13, 2025. A popular online shopping company, FSN E-Commerce Ventures, also known as Nykaa, is expected to be added to the index. If Nykaa joins, it could attract about $210 million in new investments from funds that follow this index.
Nykaa has performed well, with its shares increasing nearly 9% in the last year and even more—10.5%—just in the past week. Its stock is strong, trading well above its important averages. Right now, the stock shows no signs of being overvalued or undervalued, standing at an RSI of 64.7.
There are two other companies, Adani Energy Solutions and Coromandel International, that might also be included. However, their chances are low. If Adani Energy Solutions makes it into the index, it could bring in around $270 million, impacting about 24 million shares. Unfortunately, its stock has dropped 12% in the past year.
On the other hand, Coromandel International has done really well, jumping 87% in the past year. If it’s added, it could attract around $200 million, affecting about 7.6 million shares.
Unfortunately, not all news is good. Thermax Ltd is likely to be removed from the index. This could lead to about $120 million in outflows and impact 2.8 million shares. Thermax has struggled, with its stock falling 21% over the past year and nearly 9% just in the last month. Right now, it’s trading below several key averages, showing it might be undervalued, with an RSI of 51.4.
(Disclaimer: The views in this article are those of the experts and do not reflect the views of Thellv.news)
MSCI India Index: Nykaa and Others Expected to Make Big Moves
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