Gurugram: REC Limited, a Maharatna CPSE under the Ministry of Power, has been named to the prestigious Morgan Stanley Capital International (MSCI) Global Standard Index, effective September 1, 2023.
According to a recent report by Nuvama Alternative & Quantitative Research, REC stocks are regarded strong prospects for the November 2023 review.
According to Nuvama Alternative & Quantitative Research, REC inflows are expected to be around $184 million.
The inclusion of REC in MSCI cements REC’s position as a prominent participant in the financial sector and market, while also opening up new avenues for the company to grow its reach and impact on a global scale and level.
The inclusion of REC in the MSCI index is laudable and restores its standing as one of the world’s leading financial institutions.
It should be observed that the value of REC stock has more than quadrupled in the last year, rising from Rs. 100.20 on 10th August 2022 to Rs. 216.65 on 10th August 2023.
MSCI Inc. produced the MSCI Global Standard Index series of worldwide equity indexes. These indexes are frequently used to assess the performance of global equity markets by investors, fund managers, and financial professionals.