Rally boosts Tata Power’s MSCI prospects

Tata Power’s MSCI inclusion prospects have got a boost following a 23 per cent jump in the stock over the past one month. The stock last closed at ~164. The scrip will, however, have to rally another 5-7 per cent from current levels over the few trading sessions. “Tata Power should safely qualify for MSCI Standard Index Inclusion if it stays above 173-175 levels around the cutoff date,” said an analyst. Tata Power wasn’t in the initial list of probables to make it to the index. An inclusion in MSCI Standard Index will boost foreign flows into the stock next month when the changes would become effective.