AMFI large cap and mid cap universe witnesses a big reshuffle

As per the recent AMFI classification of stocks in large cap, mid cap and small cap, 13 new stocks made their place in the large cap classification in December 2024 compared to the classification in December 2023.

On the other hand, the mid-cap universe witnessed 25 new entries in the last one year.

Here are the key trends in the AMFI large and midcap universe in December 2024 against December 2023:

Trends in large cap universe

• Out of 13 new stock entries in the large cap universe, 10 stocks moved up from the mid cap while 3 stocks were listed on the exchange last year only
• The 3 new stocks are Hyundai Motors, Bajaj Housing Finance and NTPC Green
• The 10 stocks that moved from mid cap universe include Samvardhana Motherson, JSW Energy, Zydus Lifesciences, Rail Vikas Nigam, Hero MotoCorp etc.

Trends in mid-cap universe

• Out of 25 newly entered stocks in the mid cap universe, 17 stocks moved up to mid cap from the small cap universe and 8 stocks got listed on the exchange last year only
• The 8 newly listed stocks include Waaree Energy, Bharti Hexacom, Vishal Mega Mart and Ola Electric
• On the other hand, the stocks that moved up from the small cap universe include Housing and Urban Development Corp, BSE, Cochin Shipyards, Aditya Birla Fashion, Tata Investments, Blue Star and NLC India
• Further, 14 stocks moved from large cap classification to mid caps over the last one year
• These stocks include Apollo Hospitals, Mankind Pharma, IndusInd Bank, Jindal Steel and Power, Canara Bank, IDBI Bank, Adani Total Gas and SBI Cards

Other stock trends

• Apart from the stock movements, the market cap of the largest stock, Reliance Industries Ltd has gone up to Rs. 18.97 lakh crore in December 2024 from Rs. 16.39 lakh crore in December 2023
• The market cap of the smallest large cap stock has crossed the Rs. 1 lakh crore mark compared to Rs. 67,000 crore last year
• Bharti Airtel has been the top mover in the top 10 stocks. This stock moved from its previous 8^th position to 4^th position in December 2024
• The market cap of Bharti Airtel reached Rs. 9.4 lakh crore against the market cap of Rs. 5.3 lakh crore in December 2023
• The market cap of the largest mid-cap stock increased to Rs. 99,000 crore from Rs. 64,000 crore last year while the market cap of the smallest stock in the mid-cap universe stood at Rs. 33,000 crore compared to Rs. 22,000 crore last year
• Overall, 11 new stocks entered the large cap and mid cap universe after their listing on the exchange

AMFI’s large cap universe comprises top 100 stocks based on their market cap while the mid-cap universe includes another 150 stocks next to initial 100 stocks. This means that from 1 to 100 are large cap stocks, 101 to 250 are mid-cap stocks and the rest below 250 are classified as small cap stocks.