REC, Supreme stocks surge on MSCI Global Standard Indexes inclusion
Shares of REC and Supreme Industries (SI) surged to their 52-week highs in early trade on Friday post the surprise inclusion in MSCI Global Standard Indexes. The two stocks ended the session with an increase of 3.5 per cent and 5.7 per cent, respectively, after paring some gains. They are expected to see inflows of around $180 million due to the inclusion.
The other inclusions — IDFC First Bank, PFC, Ashok Leyland, Cummins India, Astral and HDFC AMC — were on the expected lines. ACC was the only exclusion.
