Source: https://www.financialexpress.com/market/rvnl-shares-zoom-4-on-msci-inclusion-3581546/
Publisher: The Financial Express
RVNL shares have shown impressive returns across various time periods. Over the past three months, the stock has delivered a notable 131.10% return, reflecting its stability and growth potential. The performance over the last six months has been even more remarkable, with a substantial increase of 140.56%, underscoring a strong upward trend.
Shares of Rail Vikas Nigam (RVNL) jumps over 4% on its inclusion in the MSCI India Index, alongside six other stocks: Vodafone Idea, Dixon Technologies (India), Oil India, Oracle Financial, Prestige Estates, and Zydus Lifesciences. This rise follows a significant 11% increase in the previous session, driven by strong buying momentum in railway stocks.
Expected inflows after the inclusion?
This inclusion, part of the MSCI Global Standard Index, is expected to generate passive inflows of up to $219 million, with 31.8 million shares anticipated to be traded, according to Nuvama Alternative and Quantitative Research. The changes will take effect as of the close of August 30, 2024.
The railway PSU stock, RVNL, has recently been upgraded to the large-cap section of MSCI’s Emerging Market India Index.
Stock Performance in Last One Year
In terms of stock performance, RVNL shares have demonstrated positive returns across multiple time frames. Over the past three months, the stock has given a commendable 131.10% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 140.56%, indicating a strong upward trend.
Year-to-date, RVNL shares have surged by 268.72%, reinforcing the stock’s positive momentum in the current fiscal year. Looking at the broader picture, the stock has delivered an impressive return of over 225.56% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.
