Adani Transmission nears record high; stock zooms 62% in one month

The stock rose 5% to Rs 250, extending its 39% rally in past two weeks following an announcement of its addition in MSCI index.

Shares of Adani Transmission moved up by 5% to Rs 250 per share, extending their 39% rally in the past two weeks following the announcement of its addition in MSCI index.

The stock was trading close to its all-time high level of Rs 252 touched on January 18, 2018, on the BSE in intra-day trade.

MSCI, which maintains and calculates indices, have added 13 and removed 37 stocks from its MSCI Global Small Cap index. The changes in constituents will take place as of the close of November 30, 2018, the MSCI said in its semi-annual index review