MSCI Rejig: Coforge may receive $400 million inflows in August reshuffle, Motilal Oswal says
Published on 15/07/2025 12:45 PM
MSCI Rejig: Coforge may receive $400 million inflows in August reshuffle, Motilal Oswal saysBrokerage firm Motilal Oswal sees a "high" probability of Coforge moving back to the MSCI Standard Index from the Smallcap Index in the upcoming index rejig scheduled for August.By Meghna Sen July 15, 2025, 12:45:44 PM IST (Published)1 Min ReadShares of midcap IT firm Coforge Ltd. were trading higher on Tuesday, July 15, amid growing expectation around a potential upgrade in the MSCI index.
Brokerage firm Motilal Oswal sees a "high" probability of Coforge moving back to the MSCI Standard Index from the Smallcap Index in the upcoming index rejig scheduled for August.
If that materialises, the stock could witness inflows of around $406 million following the adjustment. MSCI will announce the changes on August 8, and the adjustments will be implemented on August 26, 2025.
Meanwhile, JPMorgan recently reiterated its 'Buy' rating on Coforge, dubbing it an 'All-Weather Growth Champion". The brokerage has a price target of ₹2,080, adjusted for the 1:5 stock split, and has named Coforge its top pick in the Indian IT space, citing multiple growth drivers.
Of the 38 analysts covering the stock, 24 have a 'Buy' rating, four recommend a 'Hold', and 10 rate it a 'Sell'.
Shares of Coforge Ltd. were trading 1.05% higher at ₹1,894.60 on Tuesday. The stock is down around 2% on a year-to-date basis.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCoforgeshare market today