Two other names, Sona BLW Precision Forgings Ltd. and Thermax Ltd. have been dropped from the India index, MSCI said.
As many as 15 stocks, including Zinka Logistics, Transrail Lighting, among others have been included in the MSCI Smallcap index. Sona BLW and Thermax, which were dropped from the Standard index, have been moved to the Smallcap one. Here is a look at that list:
- Belrise Industries
- Brainbees Solutions
- Capri Global
- CSB Bank
- India Glycols
- Inventurus Knowledge Solutions (IKS)
- Lloyds Enterprises
- Lumax Auto Technologies
- Nexus Select Trust
- Privi Specialty Chemicals
- Sona BLW
- Thermax
- Transrail Lighting
- Yatharth Hospitals
- Zinka Logistics
Six stock, Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation, MSTC and Protean e-Gov Technologies have been excluded from the Smallcap index.
According to IIFL Alternate Desk, the inclusion of Vishal Mega Mart and three others in the MSCI Standard Index could result in inflows of up to $258 million, while the exclusion of Sona BLW could result in outflows to the tune of $163 million.
| Stock | Inflows ($ Mn) | Stock | Outflows ($ Mn) |
| Vishal Mega Mart | 258 | Sona BLW | -121 |
| Hitachi Energy India | 230 | Thermax | -163 |
| Swiggy | 289 | ||
| Waaree Energies | 233 |
Within the Standard Index, the weightage of CG Power has been increased, which could result in inflows worth $55 million, according to IIFL Alternate, while that of Asian Paints, Eternal, JSPL and Havells India has been trimmed.
The rebalancing of flows in these stocks will take place on August 26, MSCI’s statement said.
This is a breaking developing story.
First Published: Aug 8, 2025 4:38 AM IST
