12 stocks likely to enter MSCI index in May rejig, trigger $2 billion inflows. Paytm to exit
Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages' note said. Paytm's exclusion comes after a nearly 40% correction in the share price following RBI's ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.
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