 "Tata Elxsi, Tube Investments seen gaining from FTSE indices rejig")
Tata Elxsi, Tube Investments and Deepak Nitrite are among a dozen stocks seen benefiting from the semi-annual rebalancing of FTSE India indices.
According to an analysis done by IIFL Alternative Research, 15 companies are set to migrate from FTSE All-Cap index to FTSE All-World. This will result in buying of between $17 million and $52 million by exchange traded funds (ETFs) tracking these indices.
The changes are likely to be announced on February 18 and the adjustments will take place on March 17. Besides, three dozen stocks could get added to the FTSE All-Cap index, which will result in passive inflows between $2 million and $14 million. Some of the All-Cap index inclusion candidates are IIFL Wealth, Devyani International and UTI AMC.
Stocks that could migrate from FTSE All-Cap to FTSE All-World
Stocks that could migrate from FTSE All-Cap to FTSE All-World
| Estimated flows ($ mn) | |
| Tata Elxsi | 52 |
| Tube Investments | 37 |
| Deepak Nitrite | 37 |
| Indian Hotels | 35 |
| Atul | 34 |
| Dixon Tech | 33 |
| APL Apollo | 30 |
| Max Healthcare | 27 |
| Supreme Industries | 25 |
| Relaxo Footwear | 20 |
Source: IIFL Alternative Research
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%