Polycab India, Lodha, Shriram Finance, and PFC may migrate to largecaps
Polycab India, Macrotech Developers (Lodha), Shriram Finance and Power Finance Corp (PFC) are among stocks seen migrating from mid-caps to large-caps following the semi-annual review carried by mutual fund industry body Association of Mutual Funds in India (AMFI).
Meanwhile, UPL, Adani Wilmar, IRCTC and PI Industries could lose their ‘largecap’ status.
Further, Mazagon Dock, Suzlon Energy, Lloyds Metals and SJVN could migrate from smallcap universe to midcap universe, as per an analysis done by Nuvama Alternative & Quantitative Research.
According to a framework laid down by market regulator Securities and Exchange Board of India (Sebi), the top 100 companies in terms of full market capitalisation are tagged as largecaps; those between 101 and 250 are midcaps and stocks beyond 251 are smallcaps.
