Yesterday after market closure, Greenply Industries announced that it has been included in the MSCI Global Small Cap Indexes.

In a statement to the stock exchange, the company said, “ MSCI has announced the changes to constituents for the MSCI Global Small Cap Indexes and as part of change, Greenply industries Limited will be added to the said Index. Change in constituents for the MSCI Global Small Cap Indexes will take place as of the close of November 30, 2016.”

This news is good enough for any stock to spike up as inclusion in this index usually means that the stock will become a ripe pick for FIIs. No wonder the stock price rose almost 10% at Rs.284.45 and continues to remain strongly in the green.