By 5th Jan 2021, AMFI (Association of Mutual Funds in India) is expected to release a fresh list for categorization of stocks into large caps, midcaps, and small caps. Large-cap refers to a company with a market capitalization of more than Rs 20,000 crores. Mid-cap is denoted to companies with a market capitalization between Rs 5,000 crores and Rs 20,000 crores. Small-cap is a term used to classify companies with a market capitalization of less than Rs 5,000 crores. 

Here is the list of stocks according to ICICI Securities that have the potential to switch from mid-cap to large-cap:

  1. Yes Bank (NSE: YESBANK, Mkt Cap: Rs 38,459 crore)
  2. Adani Enterprises (NSE: ADANIENT, Mkt Cap: Rs 49,046 crore)
  3. PI Industries (NSE: PIIND, Mkt Cap: Rs 35,923 crore)
  4. Hindustan Aeronautics Ltd (NSE: HAL, Mkt Cap: Rs 28,177 crore)
  5. Jubilant Food (NSE: JUBLFOOD, Mkt Cap: Rs 33,747 crore)

Here is the list of stocks according to ICICI Securities which are to be moved from large-cap to mid-cap:

  1. MRF (NSE: MRF, Mkt Cap: Rs 33,377 crore)
  2. NMDC (NSE: NMDC, Mkt Cap: Rs 32,715 crore)
  3. United Breweries (NSE: UBL, Mkt Cap: Rs 32,715 crore)
  4. Container Corporation of India (NSE: CONCOR, Mkt Cap: Rs 25,142 crore)
  5. General Insurance Corporation of India (NSE: GICRE, Mkt Cap: Rs 24,465 crore)
  6. Bank of Baroda (NSE: BANKBARODA, Mkt Cap: Rs 27,284 crore)

This change in classifaction may result in funds flowing in and out of the stocks, as mutual funds re-arrange their portfolios. Do keep watch of it.

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