MSCI Smallcap Index Rejig: Tata Tech, Hexaware among 11 stocks added; 22 shown the door

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May 14, 2025, 04:43:36 PM IST

Global index provider MSCI has reshuffled its India Smallcap Index, adding 11 new stocks including Tata Technologies, Hexaware Technologies and ACME Solar Holdings, while removing 22 others such as Aarti Drugs and Paisalo Digital. According to JM Financial, Tata Tech and Hexaware are expected to see passive inflows of $16 million and $15 million respectively. The changes will take effect after the market closes on May 30.

IANS

The latest reshuffle sees MSCI adding Tata Technologies, Hexaware Technologies, ACME Solar Holdings, Authum Investment, AWL Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, IGIL, Le Travenues Technology, Sagility India and Sai Life Sciences to its India Smallcap Index, reflecting the rising prominence of these companies in the domestic smallcap landscape.

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MSCI has removed 22 stocks from the India Smallcap Index in its latest reshuffle. The outgoing names include Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies and Chemicals, Heidelberg Cement, Hemisphere Properties, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, Shyam Metalics and Energy, and Teamlease Services.

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Weight adjustments for these smallcaps

Beyond additions and deletions, MSCI has also adjusted weights within the index. Stocks such as GE Vernova T&D India, Clean Science and Technology, Vesuvius India, PTC Industries, Nuvama Wealth Management, Mindspace Business Parks REIT, Aditya Birla Fashion and Retail, Indegene Ltd and Anand Rathi Wealth will see higher weights. Meanwhile, Safari Industries (India), JSW Holdings, Cello World, LMW Ltd and Asahi India Glass face reduced weightage in the index.

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