Now Reading: MSCI adds Laurus Labs, Lenskart, Adani Energy, Groww to index
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MSCI adds Laurus Labs, Lenskart, Adani Energy, Groww to index
The Story in Brief
The Story in Brief
MSCI has added Laurus Labs, Lenskart, Adani Energy Solutions and Groww to its Standard Index, NDTV Profit reports. The changes will take effect at the close of trading on May 30. Meanwhile, Balkrishna Industries, SBI Cards and Astral have been removed from the index.
The reshuffle reflects shifting global investor sentiment towards Indian stocks. Laurus Labs and Groww saw gains after the announcement, while shares of Balkrishna Industries and SBI Cards edged lower.
The Indian Opinion
This MSCI rejig is being celebrated as a stamp of global approval for four Indian firms, but the predictable cheer around index additions often ignores the real test: sustained earnings growth. Investors should focus on whether Laurus Labs can maintain its pharma margins and Groww retain retail users. The real question is not who enters, but who delivers after the hype fades.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
Ashin Xavier: interesting
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