ExlService Holdings, Inc. experienced a significant rebalancing across several Russell indices around June 29-30, 2025. The company was added to the Russell Midcap Index, Russell 1000 Index, Russell 1000 Growth Index, Russell 1000 Defensive Index, Russell Midcap Growth Index, and Russell 1000 Growth-Defensive Index.
Concurrently, EXLS was dropped from the Russell 2000 Growth Index, Russell 2000 Index, and Russell 2000 Defensive Index. This shift reflects an increase in the company's market capitalization, moving it from small-cap to mid-cap and large-cap categories within the Russell family of indices.
This reclassification is generally viewed as a positive development, as inclusion in larger, more prominent indices can enhance the company's visibility among institutional investors and potentially increase liquidity for its stock. Funds tracking these indices will adjust their holdings, reflecting EXLS's growing market presence.
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