Based on current average market capitalization levels, the large-cap threshold is anticipated to be around Rs 1 lakh crore (up from Rs 84,000 crore in June 2024) and the mid-cap threshold will be around Rs 33,300 crore. . (up from Rs 27,500 crore in June 2024, according to a report by Nuvama Alternative Research.
He mid cap stocks that will move to large cap will be Vikas Nigam RailwayCG power, Indus TowersICICI Prudential, Cummins India, ICICI Lombardo, Suzlon Energy, Policab India and Home Financing in Bajaj (New listing).
Stocks that can go from large cap to mid cap are: Adani Gas Total, Shree Cements, Pharmacy of humanity, Union Bank of India, IDBI Bank, NHPC, Apollo Hospitals, Bharat Heavy Electricityand Canara Bank.
Stocks that can move from midcap to smallcap are: ITI, Global Health, ZF Commercial, Poonawalla Fincorp, Delhivery, Gland Pharma, Motherson Sumi Wiring, Hindustan Copper and Bandhan Bank.
Small cap stocks that can move to mid cap are: GE T&D India, 360 One Wam, Aditya Birla Fashion, Emami, Cholamandalam Finance, Premier Energies (new listing), Ola Electric (new listing) and Brainbees (new listing). Around 27 stocks like Raymond Lifestyle, Emcure Pharmaceuticals, India, Bazaar StyleSanstar, Western Carriers, Vraj Iron And Steel, Nova Agritech, Manba Finance, Saraswati saree warehouse will be added in the small cap space. Recategorization does not necessarily lead to new inflows or outflows in stocks as active equity fund managers keep an eye on the list while taking new or modified positions in stocks in different categories of schemes.
The new recategorization of shares is carried out semiannually and the list that will be published in the first week of January 2025 will be valid from February 2025 to July 2025.
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