Paytm, Coforge, Fortis Healthcare shares gain up to 6% on MSCI inclusion hopes
ADVERTISEMENT
Ahead of the upcoming MSCI index review for February 2025, shares of Coforge, One 97 Communications (Paytm), Fortis Healthcare, and Coromandel International surged up to 6% today, in an otherwise weak broader market. The MSCI India Standard Index rebalancing announcement is scheduled on February 11, post market hours, while changes will be effective from March 3, 2025.
Brokerage firm JM Financial anticipates inclusion of Coforge, Paytm, Fortis Healthcare, Coromandel International, Federal Bank, Blue Star, GE Vernova TD India (GVTD), and UNO Minda in the MSCI India Standard Index.
The domestic brokerage house believes that there is “high probability” of inclusion of Coforge, Paytm, Fortis Healthcare, and Coromandel International in the MSCI index, while other four holds low probability of inclusion in the index.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
Reacting to the news, Coforge shares rose nearly 2% to touch a high of
₹8,624 on the BSE, while Paytm shares jumped nearly 4% to hit an intraday high of ₹812.50. Fortis Healthcare was the top performer with a gain of 6.3% at ₹668.80, while Coromandel International shares rose 2% to hit an intraday high of ₹1,915.80 on the BSE.
MSCI inclusion to boost inflows in stocks
As per the report, Coforge is expected to see the highest inflow of passive funds $293 million due to the estimated inclusion in the MSCI Standard Index. While Fortis Paytm, and Coromandel are expected to witness fund flows of $176 million, $169 million, and $156 million, respectively.
On the other hand, Federal Bank, Blue Star, GE Vernova TD India (GVTD), and UNO Minda are anticipated to see passive fund flows of $137 million, $143 million, $104 million, and $104 million, respectively, if included in the MSCI India Standard Index.
In addition, the current weight in IndusInd Bank will get doubled, resulting into a buying flow of $145 million, the brokerage firm said in its report.
Meanwhile, Motilal Oswal Financial Services (MOFSL) expects Coforge, Paytm, Coromandel International, UNO Minda, and Fortis Healthcare to be included in the MSCI index.
(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.