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Shares of PB Fintech surged more than 7.33 per cent to Rs 1,400, hitting its new 52-week high and commanding a total market capitalization of more than Rs 63,000 crore.
Canara Bank Ltd., Voltas Ltd., and Oil India Ltd. are among the 18 stocks slated to be added to the MSCI's India Index during the rebalancing announcement scheduled for after market hours on May 14, according to JM Financial Institutional Securities.
The brokerage expects that these changes will result in an inflow of approximately $2.7 billion into the index.