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The change will take place as on close of May 30, MSCI had said on Wednesday.
Shares of the drug firm rose 3.25% to touch 52-week high of Rs 635 and were later trading 2.90% higher at Rs 632.85 on the BSE.
In all, 13 stocks have been added and the same number of them deleted from MSCI global small-cap indexes.
Key additions to the MSCI small-cap indexes include Bajaj Corp, Coromandel International, Jaiprakash Power, EIL and Indian Bank.
Stocks that were deleted include Eicher Motors and PC Jeweller.
MSCI is a leading provider of benchmark indices globally.
