 "Adani, Adani Group")
Adani Power, Adani Total Gas and Adani Transmission are expected to be removed MSCI India index during the rebalancing exercise in May following a sharp correction in their stock prices.
“Based on the closing prices from February 14, Adani Power, Adani Total Gas and Adani Transmission could be deleted from the MSCI India Index at the May review.
Selling across the three stocks is currently estimated at nearly $400 million,” said analyst Brian Freitas of Periscope Analytics who publishes on Smartkarma.
He said MSCI will conduct a full float review in May, which also increases the risk
“Based on the closing prices from February 14, Adani Power, Adani Total Gas and Adani Transmission could be deleted from the MSCI India Index at the May review.
Selling across the three stocks is currently estimated at nearly $400 million,” said analyst Brian Freitas of Periscope Analytics who publishes on Smartkarma.
He said MSCI will conduct a full float review in May, which also increases the risk
