Hero MotoCorp, BHEL, NHPC among 7 stocks that may be upgraded to largecaps in AMFI recategorization

  • Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals Ltd (BHEL), Samvardhana Motherson International and Bosch are potential entrants in the large cap category, according to Nuvama Institutional Equities.

Ankit Gohel
First Published19 Jun 2024, 11:47 AM IST
Bharti Hexacom and Go Digit General Insurance may be the new additions in the midcap category.
Bharti Hexacom and Go Digit General Insurance may be the new additions in the midcap category.

Hero MotoCorp, NHPC and BHEL are among the stocks that are likely to see an upgrade in the upcoming AMFI semi-annual recategorization. On the other hand, SBI Cards and Payment Services, Marico and Berger Paints, among others may be downgraded.

The industry body Association of Mutual Funds of India (AMFI) classifies largecap companies as those ranked from 1-100 in market capitalization. As per the classification, Midcap companies are the next from 101-250, while those ranked from 251 onwards are classified as Smallcap companies.

Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals Ltd (BHEL), Samvardhana Motherson International and Bosch are potential entrants in the large cap category, according to Nuvama Institutional Equities.

Also Read: Frog, Pig, Vulture, or Ape: Which type of investor are you in the market jungle?

Stocks which can move from large cap to midcap include Berger Paints, SBI Cards, Marico, SRF, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company and Polycab India.

Meanwhile, HUDCO, IRB Infrastructure Developers, Bharat Dynamics, MRPL, BSE, Global Health, Hitachi Energy, NLC India, Cochin Shipyard, Tata Investment Corporation, National Aluminium, Hindustan Copper, Motilal Oswal Financial Services, ITI, Godrej Industries, Apar Industries and Blue Star are expected to be upgraded to midcap category from smallcap. 

Bharti Hexacom and Go Digit General Insurance may be the new additions in the midcap category.

Also Read: Defence stocks tumble amid profit booking; Bharat Dynamics down 6%, HAL falls 5%

Contrary, Zee Entertainment Enterprises (ZEEL), Piramal Enterprises, IIFL Finance, Devyani International and The Ramco Cements, are among 19 stocks that may shift to smallcap category from midcap category, according to Nuvama Equities.

The other potential stocks to be moved in the smallcap category include Relaxo Footwear, CreditAccess Grameen, Kansai Nerolac, Hatsun Agro Product, Sundram Fasteners, SKF India, Timken India, Vedant Fashions, Grindwell Norton, Bayer Cropscience Narayana Hrudayalaya, Sun TV Network, Tata Chemicals and KPR Mill.

Also Read: Stocks to buy: Chambal Fertilisers, RCF among three fertiliser stock picks with up to 113% upside potential

The cut-off period spans from January 1, 2024, to June 30, 2024, while the announcement is expected in the first week of July. The categorisation will take effect from August 1, 2024, Nuvama Equities said.

The change in categorization doesn’t lead to incremental inflows or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes, it added.

Catch Stock Market Live Updates here

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:19 Jun 2024, 11:47 AM IST
HomeMarketsStock MarketsHero MotoCorp, BHEL, NHPC among 7 stocks that may be upgraded to largecaps in AMFI recategorization

Most Active Stocks

Adani Power

725.35
03:50 PM | 9 JUL 2024
27.4 (3.93%)

Indian Oil Corporation

171.70
03:52 PM | 9 JUL 2024
1.55 (0.91%)

Bharat Electronics

334.55
03:57 PM | 9 JUL 2024
0.4 (0.12%)

Tata Steel

171.80
03:58 PM | 9 JUL 2024
-0.5 (-0.29%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Gland Pharma

2,027.50
03:44 PM | 9 JUL 2024
142.65 (7.57%)

KRBL

331.20
03:55 PM | 9 JUL 2024
22.4 (7.25%)

Phoenix Mills

3,994.20
03:29 PM | 9 JUL 2024
256.6 (6.87%)

Maruti Suzuki India

12,820.20
03:55 PM | 9 JUL 2024
794.2 (6.6%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,983.00-110.00
    Chennai
    74,128.00-691.00
    Delhi
    74,346.00-473.00
    Kolkata
    75,074.00400.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts