REC’s market cap doubles in one year

REC Limited has achieved a significant milestone by securing a coveted spot in the Morgan Stanley Capital International (MSCI) Global Standard Index, effective from September 1, 2023.

Nuvama Alternative & Quantitative Research’s recent report indicated that REC stocks were strong contenders for the November 2023 review, with projected inflows of approximately $184 million. The MSCI Global Standard Index is widely used by investors, fund managers, and financial professionals to measure the performance of global equity markets. This inclusion in the MSCI index solidifies REC’s position as a key player in the financial sector, providing opportunities for expanded global influence and growth. Over the past year, REC’s stock value has more than doubled, increasing from Rs 100.20 on August 10, 2022, to Rs 216.65 on August 10, 2023.