Cupid, Sterlite Tech among 10 smallcap stocks set for sharp fund flows after Nifty rejig. See full list

The National Stock Exchange’s (NSE) semi-annual rejig of Nifty indices takes effect from September 30, with Nuvama Alternative & Quantitative Research highlighting the stocks likely to see the highest inflows and outflows as a result. Here are 10 small-cap stocks that could see the sharpest inflows and outflows.

STL Technologies

STL Technologies is among the top five stocks expected to see inflows following the Nifty Smallcap 250 rejig. Nuvama estimates $14 million in inflows, equivalent to 0.8x its average daily traded value (ADTV).

Brookfield India Real Estate Trust

BIRET is estimated to see $13 million in inflows, the second-highest among the top five inclusion candidates. The estimated flow is equivalent to 8.5x its ADTV.

Sansera Engineering

Sansera Engineering is expected to see $12 million in inflows following the index rejig, according to Nuvama Alternative Research. This is equivalent to 0.8x its ADTV.

Cupid

Cupid, a healthcare and consumer products company, is estimated to see $10 million in inflows, equivalent to 0.2x its ADTV.

TD Power Systems

TD Power Systems, which manufactures generators and alternators, is expected to see $10 million in inflows. Nuvama estimates this at 0.5x the stock’s ADTV.

Piramal Finance

Piramal Finance is among the top five stocks expected to see outflows from the Nifty Smallcap 250 rejig. Nuvama estimates $15 million in outflows, equivalent to 1.3x its ADTV.

Aster DM Healthcare

Aster DM Healthcare is estimated to see $12 million in outflows following the rejig. The estimated outflow is equivalent to 1.1x its ADTV.

Hindustan Copper

Hindustan Copper is expected to see $10 million in outflows, according to Nuvama Alternative Research. This is equivalent to 0.2x its ADTV.

Narayana Hrudayalaya

Narayana Hrudayalaya, a healthcare company, is estimated to see $8 million in outflows following the index rejig. The estimated outflow is equivalent to 1.8x its ADTV.

Meesho

Meesho is among the top five stocks expected to see outflows. Nuvama estimates $7 million in outflows, equivalent to 0.1x its ADDisclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.