Umesh Rariya
Suzlon Energy hits 52 week high:
The early trade on Wednesday saw a surge in the share prices of Suzlon, Tata Motors DVR, IndusInd Bank, and Paytm as they were added to the MSCI Global Standard Index, with Suzlon leading the rally with a gain of over 4%.
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suzlon energy share price hike
The BSE witnessed a surge in Suzlon Energy shares, with a rise of 4.81% to reach a 52-week high of ₹40.50 per share.
Nuvama Alternative and Quantitative Research predicts that Suzlon Energy could receive inflows worth $264 million due to its inclusion in the MSCI Global Standard Index.
Suzlon shares have experienced an impressive surge in value over the previous year. The stock price of Suzlon has soared by more than 50% within a single month, and it has doubled in the last three months. Furthermore, it has shown a remarkable increase of over 281% year-to-date (YTD).
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paytm share price hike
In the meantime, One 97 Communications, the parent company of Paytm, a leading fintech giant, experienced a notable increase of almost 3% in its shares. This surge in value is expected to attract investments amounting to $163 million due to its inclusion in the MSCI index.
tata motors share price hike
The MSCI Global Standard Index has seen an addition of nine stocks without any removals. In addition to various other stocks, Tata Communications witnessed a surge of more than 3.5% in its shares. Similarly, Tata Motors DVR, Macrotech Developers, Persistent Systems, and Polycab India also experienced gains of over 2% each.
IndusInd Bank and APL Apollo Tubes share price also traded over a percent higher each.
MSCI news
The modifications in components for the MSCI Global Standard Indexes are scheduled to occur at the end of November 30, 2023. Additionally, the MSCI India Smallcap Index will experience the addition of 42 stocks, while 19 stocks will be removed from the index.
FAQ- msci news related
How much did Suzlon Energy’s share price increase?
The BSE witnessed a surge in Suzlon Energy shares, with a rise of 4.81% to reach a 52-week high of ₹40.50 per share.
How much did Paytm’s share price increase?
One 97 Communications, the parent company of Paytm, a leading fintech giant, experienced a notable increase of almost 3% in its shares.
How much did TATA Motor’s share price increase?
n addition to various other stocks, Tata Communications witnessed a surge of more than 3.5% in its shares. Similarly, Tata Motors DVR, Macrotech Developers, Persistent Systems, and Polycab India also experienced gains of over 2% each.
Harsh badhoutiya
