Brokerage firm JM Financial said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index

The brokerage also foresees the inclusion of foodtech major Zomato and Jio Financial Services (JFS) in the benchmark index Nifty 50 soon

Zomato became the first new age tech company to be included in the Sensex in November last year

After a blockbuster year for Indian new-age tech companies on the bourses, brokerage firm JM Financial has predicted a bullish outlook for select such companies in the near future. 

In a research report, the brokerage said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index. 

Paytm lost its spot from the index amid a sharp downfall in its share price post the Reserve Bank of India’s (RBI) action on Paytm Payments Bank. After its removal from the index, Paytm was included in the MSCI India Domestic Small Cap Index. 

With the re-entry, JM Financial foresees a capital inflow of $169 Mn for Paytm. Besides the Vijay Shekhar Sharma-led company, the brokerage sees a high probability of the inclusion of Coforge, Fortis Healthcare and Coromandel International in the MSCI index. 

Since its exclusion from the index, the fintech major has slowly regained some of the lost ground. While its market cap stood at $2.6 Bn at the time of the exclusion, Paytm’s market cap at the end of Tuesday’s (January 14) trading session stood at $6.03 Bn. 

It is pertinent to mention that the MSCI India Standard Index is due for a rejig on February 11, post market hours. The said changes will be effective on March 3.

Meanwhile, the brokerage also foresees the inclusion of foodtech major Zomato and Jio Financial Services (JFS) in the benchmark index Nifty 50 soon. 

With this, it sees an inflow of $620 Mn to Zomato and $356 Mn to JFS. In its report, the brokerage said that the two players are likely to take the spot of Bharat Petroleum Corporation Ltd and Britannia Industries on the index. 

Nifty 50 is NSE’s flagship benchmark index that represents the float-weighted average of 50 of the largest Indian companies listed on the platform. The rejig is due in the month of February and will be effective from March 31, 2025.

To get included in the index, a company needs to be a part of the F&O segment of the bourses. NSE included both JFS and Zomato to the segment in November, along with other new-age tech stocks like Delhivery, Paytm, Nykaa, and PB Fintech.

 It is pertinent to note that Zomato was also included in BSE Sensex in November this year. On November 22, the BSE also included the foodtech major and JFS to the BSE Sensex 50 index. 

Brokerage firm JM Financial said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index

The brokerage also foresees the inclusion of foodtech major Zomato and Jio Financial Services (JFS) in the benchmark index Nifty 50 soon

Zomato became the first new age tech company to be included in the Sensex in November last year

After a blockbuster year for Indian new-age tech companies on the bourses, brokerage firm JM Financial has predicted a bullish outlook for select such companies in the near future. 

In a research report, the brokerage said that there is a high possibility of the inclusion of Paytm in the MSCI India Standard Index, about seven months after it was removed from the index. 

Paytm lost its spot from the index amid a sharp downfall in its share price post the Reserve Bank of India’s (RBI) action on Paytm Payments Bank. After its removal from the index, Paytm was included in the MSCI India Domestic Small Cap Index. 

With the re-entry, JM Financial foresees a capital inflow of $169 Mn for Paytm. Besides the Vijay Shekhar Sharma-led company, the brokerage sees a high probability of the inclusion of Coforge, Fortis Healthcare and Coromandel International in the MSCI index. 

Since its exclusion from the index, the fintech major has slowly regained some of the lost ground. While its market cap stood at $2.6 Bn at the time of the exclusion, Paytm’s market cap at the end of Tuesday’s (January 14) trading session stood at $6.03 Bn. 

It is pertinent to mention that the MSCI India Standard Index is due for a rejig on February 11, post market hours. The said changes will be effective on March 3.

Meanwhile, the brokerage also foresees the inclusion of foodtech major Zomato and Jio Financial Services (JFS) in the benchmark index Nifty 50 soon. 

With this, it sees an inflow of $620 Mn to Zomato and $356 Mn to JFS. In its report, the brokerage said that the two players are likely to take the spot of Bharat Petroleum Corporation Ltd and Britannia Industries on the index. 

Nifty 50 is NSE’s flagship benchmark index that represents the float-weighted average of 50 of the largest Indian companies listed on the platform. The rejig is due in the month of February and will be effective from March 31, 2025.

To get included in the index, a company needs to be a part of the F&O segment of the bourses. NSE included both JFS and Zomato to the segment in November, along with other new-age tech stocks like Delhivery, Paytm, Nykaa, and PB Fintech.

 It is pertinent to note that Zomato was also included in BSE Sensex in November this year. On November 22, the BSE also included the foodtech major and JFS to the BSE Sensex 50 index.