MSCI November Rejig: Coforge, LIC, Adani Green Among Likely Additions; Meesho Also In Focus
Coforge is in focus.
· NDTV Profit, LiveMint Markets
Nuvama estimates potential inflows of $653 million into Coforge, the highest among the likely inclusions. LIC could see inflows of $498 million, followed by Adani Green Energy at $300 million and Meesho at $254 million.
The analysis
Against that, the stock is -1.4% on the day at ₹2,017.50, and has returned +10.9% over three months. It sits 4% below its 52-week high. The it sector has moved -3.8% over the same period, so Coforge is running 14.7 points ahead of its peers.
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it. On the day the stock is -1.4%, so a modest reaction.
For Coforge, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The 4 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 4 are higher: Meesho leads at +4.1% and Adani Green trails at -3.3%.
- Over three months: Coforge +10.9% against IT -3.8% (14.7 points ahead); Life Insurance Corporation (LIC) -1.5% against Insurance -9.2% (7.7 points ahead); Adani Green +2.6% against Power -8.6% (11.2 points ahead); Meesho +30.3% against Consumer & Retail -4.4% (34.7 points ahead).
- Trading well above normal today: Meesho at 2.1 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| CoforgeCOFORGE · IT | ₹2,017.50 | -1.4% | +8.0% | +10.9% | -3.9% | 0.6× | — |
| Life Insurance Corporation (LIC)LICI · Insurance | ₹400.00 | +0.3% | +1.5% | -1.5% | -12.6% | 1.3× | — |
| Adani GreenADANIGREEN · Power | ₹1,401.70 | -3.3% | +11.6% | +2.6% | -12.6% | 1.6× | — |
| MeeshoMEESHO · Consumer & Retail | ₹248.16 | +4.1% | +6.6% | +30.3% | 0.0% | 2.1× | — |
IT
1M +5.7% · 3M -3.8%
Coforge
Insurance
1M -0.1% · 3M -9.2%
Life Insurance Corporation (LIC)
Power
1M +1.9% · 3M -8.6%
Adani Green
Consumer & Retail
1M +1.7% · 3M -4.4%
Meesho
Prices as of 11 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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