Eight stocks including Indian Railway Finance Corporation (IRFC), Polycab India, Macrotech Developers (Lodha) are seen migrating from midcap to largecap universe. Meanwhile, 13 stocks will graduate from smallcap universe to midcap universe during the semi-annual rebalancing due next month.
“Based on the average market cap from July 1 to October 31, there are a lot of stocks expected to migrate between market cap segments. However, with around one-third of the review period yet to go, there will be changes to the list as stock prices move around,” said analyst Brian Freitas of Periscope Analytics who publishes on Smartkarma.
