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M&M Financial surges ahead of entry in MSCI index

The index provider has added the financial arm of the M&M group of companies to its India index, effective from close of August 30.

SI Reporter  |  Mumbai 

M&M Financial Services has surged over 6% to Rs 249 ahead of entry of the company in the MSCI India Index with effect from September 2, 2013.

The index provider has added the financial arm of the M&M group of companies to its India index, effective from close of August 30, as per a statement dated August 14.

MSCI is a leading provider of benchmark indices globally and widely tracked by foreign funds.

The stock opened at Rs 234 and touched high of Rs 260 on BSE. A combined 2.25 million shares change hands on the counter till noon deals on BSE and NSE.

First Published: Fri, August 30 2013. 11:57 IST
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