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AMFI re-classification list released, large cap status to these companies including Zomato, Nykaa and Paytm, see full list

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AMFI re-classification list released, large cap status to these companies including Zomato, Nykaa and Paytm, see full list

Nine internet companies, including Zomato, Nykaa’s parent company FSN E-commerce Ventures, Paytm’s parent company One97 Communication, PolicyBazaar’s parent company PB Fintech, have been promoted in the large-cap category.

Nine other internet companies including Zomato, Nykaa, Paytm and Policybazaar have been promoted from midcap to largecap category. This information has been given in the report of Edelweiss. Apart from this, other companies include IRCTC (Indian Railway Catering and Tourism Corporation), Mindtree, SRF, Tata Power, Mphasis, Godrej Properties, Macrotech Developers, Bharat Electronics and JSW Energy, which have been approved by Association of Mutual Funds in India (AMFI). Placed in largecap category. It will be effective from February to July 2022. The Association of Mutual Funds of India has to review the classification of companies every six months as per the instructions of SEBI. In this, a revised list of large cap, mid cap and small cap companies is issued.

These companies were downgraded to mid cap

According to a report by Edelweiss Alternative Research, 20 stocks have been downgraded from large cap to mid cap. In this list, Bandhan Bank, Bosch, Cholamandalam Invest and Fin, P&G Hygiene & Health Care, Aurobindo Pharma, NMDC, Lupine ( Lupin), Bank of Baroda, Biocon, Colgate-Palmolive India, Punjab National Bank, Honeywell Automation India, Yes Bank Bank), Star Health Allied Insurance, Clean Science and Technology, Nuvoco Vistas Corp, Aditya Birla Sun Life AMC, GR Infraprojects (GR Infraprojects), Aptus Value Housing Finance India and Devyani International.

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These companies were promoted in the mid cap category

Apart from this, Gujarat Fluorochemicals, Happiest Minds Technologies, Central Bank of India, Indian Energy Exchange, National Aluminum Company, Trident ( Stocks like Trident), Prestige Estates Projects, Grindwell Norton and CG Power and Industrial Solutions have been promoted from small cap category to midcap category.

These companies were downgraded from mid cap to small cap

The brokerage firm has downgraded 20 stocks from midcap category to smallcap. These shares include Phoenix Mills, Alembic Pharma, Manappuram Finance, Glenmark Pharmaceuticals, Exide Industries, Blue Dart Express, Wabco India ( Wabco India), Apollo Tyres, Zydus Wellness, Bank of Maharashtra, Castrol India, Affle India, Suven Pharma, Indigo Paints (Indigo Paints), City Union Bank
These include RBL Bank, Vaibhav Global, Jubilant Pharmova, Dhani Services and Amara Raja Batteries.

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Companies included in small cap category

According to a report by Edelweiss Alternative Research, 32 stocks that were recently listed in the small-cap category include Sapphire Foods, Go Fashion, Amy Organics, RateGain Travel Tech, Supriya Lifesciences, Metro Brands, Chemplast Sanmar, CE Info Systems , Glenmark Life Sciences, Medplus Health Services, Latent View Analytics, India Pesticides, CMS Info Systems, Fino Payments Bank, Rolex Rings, Paras Defense and Space Technologies, Anand Rathi Wealth and Shriram Properties etc.

(Article: Surbhi Jain)

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