MSCI August Review: Swiggy, Vishal Mega Mart, Waaree Energies, and 15 other stocks may attract $1.03 billion inflow

MSCI August review may attract $1.03 billion inflow, with Swiggy, Waaree Energies, and Vishal Mega Mart likely to be included in the MSCI India Standard Index. Other stocks set to be added are Hitachi Energy India. Sona BLW Precision Forgings and Thermax may be excluded, resulting in outflows of $186 million and $154 million, respectively. The MSCI Smallcap Index is also set to see changes, with 12 additions and 4 exclusions.

The upcoming MSCI August review is set to bring significant changes to the MSCI India Standard Index, with potential additions and exclusions that could attract substantial inflows and outflows. According to reports by Nuvama Alternative & Quantitative Research, Vishal Mega Mart, Swiggy, Hitachi Energy India, and Waaree Energies are likely to be included in the index, driving major inflows [1][2][3].

Vishal Mega Mart is projected to see the highest inflow at $287 million, followed closely by Swiggy with $285 million. Hitachi Energy India and Waaree Energies are likely to witness inflows of $240 million and $217 million, respectively [1][2]. These additions are expected to be implemented on August 26, 2025 [1].

Conversely, Sona BLW Precision Forgings and Thermax are expected to be excluded from the MSCI Standard Index, potentially leading to outflows of $186 million and $154 million, respectively [1][2]. These adjustments are scheduled to take effect on August 26, 2025 [1].

In the MSCI Smallcap Index, Nuvama has projected twelve high-conviction inclusions and four exclusions. Likely inclusions include Inventurus Knowledge Solutions, Capri Global Capital, Brainbees Solutions, Lumax Auto Technologies, Belrise Industries, Transrail Lighting, Ather Energy, CSB Bank, India Glycols, Lloyds Enterprises, Yatharth Hospital, and Zinka Logistics Solutions [1][2]. Bharat Dynamics, Bondada Engineering, Hikal, and Kennametal India are expected to be excluded from the MSCI Smallcap Index [1][2].

The inclusion of these stocks is expected to attract moderate inflows, with Inventurus Knowledge topping the list at $12 million, and most others in the $4–7 million range. Ather Energy, which has recently shown strong operating momentum, could see inflows of about $4 million [1].

Separately, based on Nuvama’s calculations, One 97 Communications (Paytm) shares met the criteria for inclusion as early as Day 4 of the review period. However, due to the earlier cut-off date, its inclusion is likely to be deferred to the November 2025 review. Nuvama projects potential inflows of $270 million into Paytm, which would translate to an approximate trading impact equivalent to three days [1][2].

The upcoming MSCI review is expected to have a significant impact on the Indian stock market, with the inclusion of major players like Swiggy and Vishal Mega Mart set to drive substantial inflows. Investors and financial professionals are advised to closely monitor these developments and assess their potential impact on their portfolios.

References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/msci-august-2025-rejig-swiggy-among-3-others-likely-to-enter-may-attract-up-to-287-mn-inflows/articleshow/123113794.cms
[2] https://www.livemint.com/market/stock-market-news/msci-rejig-swiggy-vishal-mega-mart-among-4-likely-inclusions-in-msci-standard-index-sona-blw-thermax-may-be-removed-11754367789334.html
[3] https://economictimes.indiatimes.com/markets/stocks/news/vishal-mega-mart-swiggy-may-be-included-in-msci-standard-index/articleshow/123106697.cms