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Economic Times
19-06-2025
- Business
- Economic Times
Siemens Energy may see up to $180 million in outflows after MSCI exit
Siemens Energy India, which debuted on the Indian stock exchanges on Thursday, could see passive outflows of up to $180 million as it exits the MSCI Global Standard Index just a day after listing, according to estimates by Nuvama Alternative & Quantitative Research. ADVERTISEMENT Global index provider MSCI will delete Siemens Energy India from its Global Standard Index (Large Cap segment), effective post-market close on June 20. The exit, Nuvama notes, could trigger 'estimated passive outflow in the range of USD 170–180 million,' although the brokerage added that a more accurate estimate would be available once the stock begins trading. 'If stock trades at lower circuit then implementation will get postponed,' Nuvama had said. Siemens Energy India began trading on Thursday, June 19, after being spun off from Siemens Ltd earlier this year. The stock was listed at Rs 2,850 and quickly hit the 5% upper circuit at Rs 2,992.45 on the BSE, bolstered by investor optimism around the company's role in India's expanding power transmission and distribution (T&D) shares are currently part of the 'T' Group—meaning they will be settled on a trade-for-trade basis for the first ten trading sessions, limiting intraday speculation. ADVERTISEMENT While MSCI exclusion is expected to lead to sizable passive outflows, Siemens Energy's removal from domestic indices such as the NSE and BSE early next week is likely to be more muted. 'The outflows here are expected to be minimal due to its negligible weight and passive tracking will be lower,' Nuvama said, adding that more clarity would follow the first day of trade. The brokerage is also monitoring how FTSE will respond the risk of outflows, brokerages remain bullish on Siemens Energy's long-term prospects. ADVERTISEMENT Jefferies estimates nearly 30% upside potential with a target price of Rs 3,700, calling it 'India's largest listed pure-play power T&D equipment player at $10 billion+ market cap.' The brokerage forecasts a 40% EPS CAGR over FY24-27E, citing a strong T&D pipeline and operating Oswal resumed coverage with a target of Rs 3,000 and a 'Buy' rating, projecting a 25%/31% CAGR in revenue and PAT over FY25-27 and an EBITDA margin expansion to 21.4% by FY27. 'Margins have already started expanding in 5MFY25,' the brokerage noted. ADVERTISEMENT HDFC Securities echoed the optimistic outlook, citing Siemens Energy's diversified offerings in power generation, green hydrogen, and grid automation, as well as exclusive rights in South Asia. It sees a 30% PAT CAGR supported by robust cash flows and innovative Energy India was demerged from Siemens Ltd in April 2025. The newly listed company focuses on transmission, distribution, and small- to mid-sized turbines. Its offerings range from 250 MW industrial turbines to 800 MW utility-scale generators, and includes power transformers up to 765 kV and EPC services. ADVERTISEMENT The firm is expected to benefit from India's planned Rs 3 trillion transmission investments through FY30, especially in high-voltage (400 kV and 765 kV) segments. Capex plans include Rs 4.6 billion for doubling transformer capacity, Rs 3.3 billion for GIS units in Goa, and Rs 0.6 billion for vacuum interrupters—some of which will cater to export markets. Also read | Siemens Energy shares zoom 5%, hit upper circuit post listing. Brokerages project 30% upside (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
15-05-2025
- Business
- Time of India
MSCI adds Coromandel International and Nykaa to Global Standard Index
Synopsis MSCI has included Coromandel International and Nykaa in its Global Standard Index, effective May 30, potentially triggering $408 million in passive fund flows. Simultaneously, 22 stocks were removed and 11 added to the India Small Cap Index, marking a significant shift. Cipla, Indus Towers, and Grasim Industries will see increased weightage, while Astral's weightage will decrease.
Economic Times
15-05-2025
- Business
- Economic Times
MSCI adds Coromandel International and Nykaa to Global Standard Index
Mumbai: Global index provider MSCI said it has added Coromandel International and FSN E-Commerce Ventures (Nykaa) to its Global Standard Index in its May 2025 semi-annual index review. These changes, effective as of market close on May 30, are expected to trigger passive fund flows worth $408 million into the two stocks, according to IIFL Capital Services. ADVERTISEMENT MSCI's index changes result in passive flows because trillions of dollars in global funds track its benchmarks. When a stock is added or removed, index-linked ETFs and mutual funds are forced to buy or sell to mirror the index composition. MSCI made cuts in its India Small Cap Index, deleting 22 stocks while adding 11. The removals from the index could be one of the highest in recent times. "In recent times, more small-cap companies were being added to the MSCI small-cap index. This time, we have seen more deletions than additions, possibly because of a reversal in the trend in small caps," said IIFL's senior vice president, Sriram Velayudhan. Acme Solar, Tata Technologies, Godrej Agrovet, and Hexaware Technologies are among the 11 stocks to be added to the small-cap index. Godrej Industries, Gujarat Alkalies and Chemicals and Aarti Drugs are among the 22 deletions. IIFL said Coromandel's inclusion would result in flows of $227 million, while Nykaa would receive $181 million. ADVERTISEMENT In addition, MSCI said the weightage of Cipla, Indus Towers and Grasim Industries has gone up in the Global Standard Index. This would lead to inflows of $45 million, $40 million and $16 million, respectively, IIFL said. The weightage of Astral went down, which may lead to an outflow of $15 million from the stock. India's weight in the Global Standard Index was 19.4% as on the cutoff date. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
14-05-2025
- Business
- Mint
Nykaa share price gains over 3% following inclusion in MSCI Global Standard Index; inflows worth $172 million expected
Nykaa share price jumped over 3% after global index provider MCSI announced the stock's inclusion in its Global Standard Index. Nykaa shares rallied as much as 3.44% to ₹ 204.35 apiece on the BSE. FSN E-commerce Ventures, the parent company of the fashion and beauty e-tailer Nykaa, has been added to the MSCI India Index, a component of the broader MSCI Global Standard Index. The inclusion was part of MSCI's May index rebalancing, announced on May 14. In addition to Nykaa, Coromandel International has also been added to the index. However, Coromandel shares declined over 4% during Wednesday's trading session. MSCI stated that no deletions were made from the index in this review. The changes will be effective from the close of trading on May 30, 2025. According to JM Financial, Nykaa is expected to witness passive inflows of approximately $172 million due to its inclusion in the MSCI Standard Index. Coromandel International is projected to attract inflows of $216 million. Additionally, Cipla, Indus Towers, Grasim Industries, and Infosys have seen an increase in their weightage within the MSCI Standard Index. Estimated inflows from this weight adjustment are as follows: Indus Towers: $36 million Grasim Industries: $17 million Nykaa share price is forming a 30-week-long rounding bottom on the weekly chart, but the setup lacks strength due to weak volume — indicating limited institutional participation, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'Nykaa share price action also lacks a clean pivot breakout, making the pattern less reliable. Despite the structural hint of a potential base, the move appears rough and lacks conviction. If Nykaa stock manages to sustain upward, it may still head toward the ₹ 230 level, but traders should approach with caution and wait for clearer confirmation,' Jain said. Nykaa share price has delivered strong short- to medium-term performance, gaining 10% over the past month and 17% in the last three months. On a year-to-date (YTD) basis, Nykaa stock price is up 20%, with a 17% return over the past year and an impressive 60% gain over the last two years. However, despite these recent gains, Nykaa share price remains down 10% over a three-year period. At 11:20 AM, Nykaa share price was trading 0.18% higher at ₹ 197.90 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
14-05-2025
- Business
- Economic Times
Nykaa shares jump 3% after MSCI inclusion, $199 million inflows expected
The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. Nykaa's parent company, FSN E-Commerce Ventures, sees shares rise following inclusion in MSCI Global Standard Index. This inclusion is expected to bring significant passive inflows. Coromandel International also joins the index. MSCI adjusts its India Domestic Index, adding Coromandel International and GMR Airports. These changes will be effective from May 30, 2025. Tired of too many ads? Remove Ads Domestic index reshuffle Tired of too many ads? Remove Ads Stock momentum builds Shares of FSN E-Commerce Ventures , the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual inclusion is expected to trigger passive inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. In its statement, MSCI said no deletions will take place from the Global Standard Index in this review was one of two Indian stocks added to the Global Standard Index, alongside Coromandel International , which is expected to see inflows of approximately $252 million, according to with the Global Standard Index changes, MSCI also adjusted its MSCI India Domestic Index. Coromandel International and GMR Airports were added, while Sona BLW Precision Forgings was changes were made to the MSCI India Domestic Smallcap Index, with 12 additions and 21 deletions. New entries included Acme Solar Holdings, Authum Investment, AWL Agri Business, and Godrej Agrovet, while removals included Aarti Drugs, Allcargo Logistics, and Godrej Industries. All changes will be effective post-market close on May 30, MSCI said. Nykaa shares have rallied nearly 20% over the last year, rising more than 12% in the past month and over 4% in the last stock is trading above all eight key simple moving averages, including the 100-day, 150-day, and 200-day SMAs, indicating strong technical momentum. The 14-day Relative Strength Index (RSI) stands at 64.1. While not yet in overbought territory—defined as RSI above 70—the reading suggests that some caution may be warranted as the stock approaches that threshold.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
