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.
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.