Gurugram: REC Limited has achieved a remarkable feat by doubling its Market Cap in just one year, and has now been included in the prestigious Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1st September 2023.
The recent report by Nuvama Alternative & Quantitative Research has further strengthened REC’s position as a strong contender for the November 2023 review, with anticipated inflows of around $184 Million. This inclusion in the MSCI index is a testament to REC’s leading status in the financial sector and market, and opens up new avenues for global expansion.
The value of REC stock has more than doubled in the last year,10th August 2022 to Rs. 216.65 on 10th August 2023.” The MSCI Global Standard Index is widely used by investors, fund managers, and financial professionals to measure the performance of global equity markets. With this achievement, REC has reinstated its stature as one of the premier financial organizations across the globe.
