AMFI will review the market cap next month. Accordingly, the category of shares of many companies can change.
Shares of some companies in the technology, industrial, e-commerce, real estate and chemical sectors can find a place in the mid-cap to large-cap category. AMFI will review the market cap next month. Accordingly, the classification of shares of many companies can change. The Association of Mutual Funds of India has to review the classification of companies every six months as per the instructions of SEBI. It is expected that in January 2022, AMFI will make a new classification of companies. In this, there will be a revised list of large cap, mid cap and small cap companies.
These companies can get a place in the large cap category
According to ICICI Securities, Mindtree SRF, IRCTC, Tata Powers, Mphasis, Godrej Properties, Macrotech Developers, Bharat Electronics and JSW can get a place in the large cap category. Zomato, Nykaa, One97 Communications (Paytm) and PB Fintech (PolicyBazaar) are more likely to feature in the list of largecap stocks.
These stocks can move from small cap to mid cap category.
ICICI has expressed hope of upgrading some smallcap stocks to midcap stocks. These include Gujarat Fluorochemicals, Happiest Minds Technology, Central Bank, Indian Energy Exchange, Nalco, Trident Industrial (Nalco), Grindwell Norton. Shares etc. are included.
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