Home  >>  News  >>  HDFC Bank's MSCI Weight Increase Expected
HDFC Bank's MSCI Weight Increase Expected

HDFC Bank's MSCI Weight Increase Expected

HDFC Bank is set to increase its weight in MSCI indices due to a rise in foreign portfolio investor (FPI) headroom, now at 24.97%, above the 20% threshold. Analysts predict that the November review could lead to over $1.8 billion in passive inflows, approximately 5.5 times the bank's average daily volume. Despite a 2% decline this year, recent strong deposit growth has exceeded expectations. Macquarie maintains a "buy" rating with a target price of Rs 1,900, although shares fell 1.5% to Rs 1,657 recently.


Trending News