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REC doubles its Market Cap in one year; figures in MSCI Global Standard Index

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Gurugram, 11th Aug 2023:  REC Limited, the Maharatna CPSE under the Ministry of Power, secured coveted place in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1st September 2023.

A recent report by Nuvama Alternative & Quantitative Research highlighted that REC stocks were considered strong contenders for the November 2023 review. The analysis conducted by Nuvama Alternative & Quantitative Research anticipates REC’s inflows to be around $184 Million.

The inclusion of REC in MSCI solidifies REC’s status as a leading player in the financial sector and market, and opens up new horizons to expand its reach and influence on a global scale and level.

The entry of REC into the MSCI index is a commendable one and reinstates its stature as one of the premier financial organizations across the globe.

It may be noted that value of REC stock has more than doubled in last one year from Rs. 100.20 on 10th August 2023 to Rs. 216.65 on 10th August 2023.

The MSCI Global Standard Index is a series of international equity indexes created by MSCI Inc. These indexes are widely used by investors, fund managers, and financial professionals to measure the performance of global equity markets.

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