Laurus Labs, Biocon, Ather Energy, Lenskart among probable MSCI India Standard Index inclusion candidates, says JM Financial

JM Financial outlined probable candidates for the MSCI India Standard Index rebalancing scheduled for August 22, projecting up to 12 inclusions and 1 exclusion with an estimated net passive inflow of around USD 3.2 billion. Laurus Labs and Biocon are high-probability migrations from the Small Cap Index, while Ather Energy and SAIL are medium-probability additions, and Lenskart and Schaeffler India are low-probability candidates. SBI Card is flagged as a high-probability exclusion due to persistent deterioration in free-float market cap.