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AMFI has issued a list of stocks that will be classified as large cap, mid cap and small cap. According to the new list, seven new names have entered the large cap list while 9 new companies made it to the list of mid cap companies. As many as 24 companies have entered the small cap space, shows the AMFI data.
Varun Beverages, ABB India, Page Industries, Tata Elxsi, Bosch, Trent and PI Industries have been elevated to the large-cap category in the latest stock reclassification announced by AMFI.
The continuous rally in equities meant that the cut-off for the large-cap and mid-cap categories were significantly higher this time. The cut-off for large-cap companies stood at Rs.48,898 crore in December 2022 compared to 37,746 crore in June 2022. The cut-off to be a midcap company stood at Rs.16813 crore compared to Rs 11,820 crore in the previous reclassification.
The new entrants in the large-cap category have taken the place of Muthoot Finance, One97 Communication, Bandhan Bank, Mphasis, Gland Pharma and Piramal Enterprises, which are now classified as mid cap companies.
Timken India, Metro Brands, Blue Dart Express, Fine Organic, Uco Bank, ZF Commercial Vehicle, Apollo Tyres and KPIT Technologies have been elevated from small cap to mid cap segment. Meanwhile, Piramal Pharma is the new entrant in the mid cap segment.
Aavas Financiers, ICICI Securities, The New India Assurance, Godrej Industries, National Aluminium, India Energy Exchange, Chambal Fertilisers and Chem and Tanla Platforms are among the stocks that have moved to the mid-cap space from the small-cap space.
Interestingly, 24 new companies have been added to the list of small cap companies. Let’s look at them:
Click here to see the complete list of companies.
