MSCI rejig: Which stocks may see the biggest inflows & outflows?
Coforge moved lower with November 30 in focus.
· Economic Times Markets, ET Stocks
In a significant update, MSCI has revealed modifications to its indices, impacting several Indian stocks starting November 30. This shift is predicted to boost India's representation within the MSCI Emerging Markets Index. Notable stocks like Coforge and LIC are anticipated to attract considerable investments, while PI Industries may experience a decline.
Key facts
- Dates in focus
- November 30
The analysis
Against that, the stock is -0.3% on the day at ₹2,028.00, and has returned +10.9% over three months. It sits 3% below its 52-week high. The it sector has moved -3.2% over the same period, so Coforge is running 14.1 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 -0.3%, so the price barely moved, which suggests this was expected or is seen as immaterial.
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 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 0 of 3 are higher: Coforge leads at -0.3% and Pi Industries trails at -1.5%.
- Over three months: Coforge +10.9% against IT -3.2% (14.1 points ahead); Life Insurance Corporation (LIC) -3.1% against Insurance -6.2% (3.1 points ahead); Pi Industries -31.2% against Chemicals -10.2% (21.1 points behind).
- At least 25% below the 52-week high: Pi Industries (52%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| CoforgeCOFORGE · IT | ₹2,028.00 | -0.3% | +5.1% | +10.9% | -3.4% | 0.7× | — |
| Life Insurance Corporation (LIC)LICI · Insurance | ₹399.30 | -1.2% | +1.3% | -3.1% | -12.8% | 1.3× | — |
| Pi IndustriesPIIND · Chemicals | ₹1,714.80 | -1.5% | -19.5% | -31.3% | -52.0% | 0.5× | — |
IT
1M +1.7% · 3M -3.2%
Coforge
Insurance
1M +1.2% · 3M -6.2%
Life Insurance Corporation (LIC)
Chemicals
1M -3.0% · 3M -10.2%
Pi Industries
Prices as of 13 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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