Sharp surge could hurt Adani Group stocks' MSCI prospects: Analysts

The sharp surge in shares of Adani Group firms this year could prove detrimental to their chances of getting included in the MSCI global indices. Shares of Adani Enterprises, Adani Total Gas, and Adani Transmission have more than doubled this year. All three stocks meet the current index inclusion parameters and, therefore, are the frontrunners to get included in the MSCI standard global indices, say analysts. The move could result in cumulative buying by exchange-traded funds (ETFs) to the tune of $580 million (Rs 4,200 crore). However, MSCI has sought market feedback on whether &.....

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