Shares of Oil India Ltd. rallied as much as 5% in trade Friday, August 30, as the stock is gearing up for potential inflows post its inclusion in the MSCI Global Standard Index.

Oil India’s inclusion announcement was made earlier in the month.

Brokerage firm Nuvama Alternative and Quantitative Research is anticipating inflows worth $258 million in the stock when the adjustments take place towards the close of trading on Friday.

IIFL Alternatives is also anticipating inflows into Oil India to the tune of $200 million to $240 million.

Shares of Oil India Ltd. settled 1.14% lower at ₹725.50 today. In the last one year, the shares of Oil India have given multibagger returns of 295%, while in the current calendar year, the stock has surged 190%.