Adani Transmission, Max Financials, Laurus Labs to gain from FTSE rejig

Shares of Adani Transmission, Max Financials and Laurus Labs are likely to ascertain buying by overseas entities following the semi-annual rejig within the FTSE indices slated for Friday.

According to analysts tracking index compositions, the three stocks are a part of several other domestic companies that are likely to urge added to the FTSE indices.

Adani Transmission is predicted to ascertain the most important inflows on account of the inclusion at $121 million, followed by Max Financial at $44 million and Laurus Labs at $43 million. Shares of Adani Transmission rose 3.75 per cent on Monday to shut at a replacement high of Rs 1,871, with the company’s market cap crossing the Rs 2 trillion mark.

Analysts expect an entire bunch of other stocks to urge added to the MSCI Allcap index. a number of them include Max Health (estimated inflow of $21 million), Happiest Minds ($9 million) and SKF India ($13 million).