IISL includes REC in 'Nifty 100' and 'Nifty Next 50'

State-run Rural Electrification Corp today said that India Index Services & Products Ltd (IISL) has included its stock in "NIFTY 100" and "NIFTY Next 50".

"IISL, who manages a portfolio of 67 indices under NIFTY brand as of September 30, 2016 including NIFTY 50 and it is a group Company of National Stock Exchange, Index Maintenance Sub-Committee (IMSC) of IISL, in its Meeting held on February 16, 2017 has decided to include REC in "NIFTY 100" and "NIFTY Next 50" with effect from March 31, 2017," REC said in a BSE filing today.

The above inclusion is based on various qualifying factors and good performance of the stock of REC, it said.

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