Telecom service provider Vodafone Idea Ltd. has been included in the MSCI India Index, which is part of the MSCI Global Standard Index post its latest review.

Vodafone Idea is one among the seven stocks, including RVNL, Dixon Technologies, Prestige Estates among others that have been included as part of the latest rejig by the global index provider.

Nuvama Alternative & Qualitative Research believes that post this inclusion, shares of Vodafone Idea may see inflows to the tune of $278 million. IIFL Alternative Research too is anticipating inflows worth $254 million once the rebalancing takes place.

Rebalancing of the latest MSCI changes will take place on August 30.

Vodafone Idea will also be reacting to its quarterly results that were reported after market hours on Monday. The company’s revenue reported a sequential decline for the third quarter in a row.

However, the company’s net loss narrowed to the lowest in 14 quarters. Losses declined on a sequential basis due to lower interest costs on the back of the funds raised through the Follow-on Public Offer.

Bank debt has also seen a decline to ₹4,650 crore from just over ₹9,500 crore earlier.

Shares of Vodafone Idea ended 0.5% lower on Monday at ₹16.02. The stock is now trading 45% above its FPO price of ₹11 but is still trading 5.8% lower for 2024.