Thomas Cook (India) limited joins MSCI domestic small cap index by Morgan Stanley capital international

Thursday, December 7, 2023

Morgan Stanley Capital International, a prominent global index services provider, recently revealed that Thomas Cook India Limited (TCIL), the foremost Integrated Omnichannel travel services group in India, has been included in the MSCI Domestic Small Cap Index, effective as of November 30, 2023.

The MSCI Indices, widely acknowledged as benchmarks for global equity markets and investment, provide investors with a comprehensive overview of market performance by monitoring specific stocks and sectors across diverse geographies.

Given the significant role played by the MSCI Domestic Index in attracting foreign institutional investors (FIIs) to Indian equities, many global fund managers rely on it as a guide for allocating their investment portfolios across countries. The incorporation of TCIL in the MSCI is expected to result in broader participation and increased demand from global investors, automatically bringing the company into the focus of FIIs.

As the TCIL stock gains inclusion in the MSCI, a substantial number of leading funds that use the index as a benchmark are likely to contribute to heightened demand. This surge in trading volumes and improved liquidity will enhance the attractiveness of TCIL to both domestic and international investors.

Mr. Madhavan Menon, Executive Chairman of Thomas Cook (India) Limited, expressed pride in the announcement, stating, “The addition of TCIL to the MSCI Domestic Small Cap Index is a moment of pride for us. MSCI Indices are globally recognized benchmarks, affirming our industry leadership and robust business performance. As a Group, we are unwaveringly committed to delivering strong, sustainable, long-term growth and profitability for our stakeholders.”

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