Business

IIE Digital Desk : Shares of Supreme Industries, REC, and Ashok Leyland jumped to 52-week high levels on Friday after the companies were added to the MSCI India Index. Supreme Industries shares rose 13.8% to Rs. 1,973.95, REC shares jumped 13.3% to Rs. 1,034.55, and Ashok Leyland shares surged 10.6% to Rs. 135.50. The addition of these stocks to the MSCI India Index is likely to boost their demand among foreign investors, who track the index. This could lead to further gains in the stock prices of these companies.

MSCI India Index is a broad market index that tracks the performance of the largest and most liquid stocks listed on the Indian stock exchanges. It is one of the most widely followed indices in India and is used by many investors as a benchmark for their investment decisions. The addition of Supreme Industries, REC, and Ashok Leyland to the MSCI India Index is a positive development for these companies. It is a recognition of their strong performance and their potential for future growth. It is also likely to attract more foreign investment into these companies, which could help them to achieve their growth targets.