REC Limited has achieved a significant milestone by securing a coveted position in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from September 1, 2023,
A recent report by Nuvama Alternative & Quantitative Research underlined REC’s strong potential as a contender for the November 2023 review. Projections from Nuvama Alternative & Quantitative Research suggest that REC could witness inflows of approximately $184 Million.
The inclusion of REC in the MSCI index solidifies its standing as a key player in the financial sector and the broader market. This achievement not only expands REC’s global reach but also highlights its remarkable influence and reputation on an international scale.
It is noteworthy that the value of REC’s stock has more than doubled over the past year, surging from Rs 100.20 on August 10, 2022, to Rs 216.65 on August 10, 2023.
The MSCI Global Standard Index, crafted by MSCI Inc., comprises a series of international equity indexes widely employed by investors, fund managers, and financial experts to gauge the performance of global equity markets.
The MSCI Global Standard Index is a comprehensive collection of international equity indexes developed by MSCI Inc. These indexes serve as a prominent benchmark utilized by investors, fund managers, and financial experts for assessing and gauging the performance of global equity markets.
