MSCI Rejig: Tata Power, IRCTC, Zomato among 7 stocks that may find place in the Index, move from mid-cap to large cap category
MSCI is all set to announce its Semi-Annual Index Review (SAIR) rejig on Friday, November 12, 2021.
MSCI is all set to announce its Semi-Annual Index Review (SAIR) rejig on Friday, November 12, 2021. The rejig may see the technology sector finding more weightage in the domestic benchmark S&P BSE Sensex index. As per Edelweiss Alternative Research, rejig in the S&P BSE Sensex may see Wipro replacing Bajaj Auto in the Index.
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"With the price cut-off date for the S&P BSE Sensex Index behind us, we at Edelweiss Alternative Research continue to maintain our high conviction inclusion candidate for the S&P BSE Sensex Index as Wipro and exclusion candidate as Bajaj Auto. The official announcement will take place around mid-November and adjustment will take place on December 16," said the brokerage.
Source:Edelweiss Alternative Research
Similarly, the research points out that stocks like Tata Power, SRF, Mphasis, Godrej Properties, Mind Tree, IRCTC and Zomato may also find place in the index. Also, IPCA Labs and REC limited may see exclusion from the index.
As per Edelweiss Alternative Research early assessment, all the MSCI potential high conviction inclusion names hold a strong chance to move from the current midcap categorization to the large-cap categorization. While, Zomato will be for sure fresh entrant in the large-cap category, it said.
AMFI will announce fresh list of Mutual Fund stock categorisation in first week of January 2022.
"We have pre-emptively analysed Mutual Fund Portfolio Reclassification, which will get announced in first week of Jan 2022 and the modified recategorization list, which active MF managers track, will be w.e.f. from Feb to Jun 2022," it added.
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