The Association of Mutual Funds in India, the regulator of the Indian mutual fund sector, fixes the category of shares listed in the domestic market every six months.
The Association of Mutual Funds in India (AMFI), the regulator of the Indian mutual fund sector, fixes the category of shares listed in the domestic market every six months. In this, stocks are kept in large cap, mid cap and small cap. In this episode, AMFI has included the recently listed LIC and Adani Wilmar in the largecap. After coming to the large cap, today the shares of these two have strengthened even in the weak market sentiment.
However, it is not necessary that the stock should be strong after joining the large cap as Cholamandalam Investment & Finance and HAL have weakened today even after joining the large cap. However, active equity fund managers prepare their portfolio according to the stock category of the AMFI. Here below are the details about the performance of the first day of the stocks included in the new category.
LIC-Adani Wilmer jumped after coming in largecap, check how the stocks performed in the new category on the first day
New stocks included in the category of large cap
In the new list of large caps, the market cap cut off is Rs 47.5 thousand crores. The mutual fund industry regulator has kept some stocks from the mid-cap category, including Adani Wilmar, LIC, Bank of Baroda, HAL and Bandhan Bank, in large-cap.
| share | Today’s closing price on NSE (change) |
| LIC Ignorant power | Rs 701.10 (1.27%) Rs 263.00 (0.50%) |
| The ignorant Wilmer | Rs 583.00 (0.41%) |
| Cholamandalam Investment & Finance | Rs 644.00 (- 1.35%) |
| Bank Of Baroda | Rs.98.70 (0.25%) |
| Hindustan Aeronautics Limited (HAL) | Rs 1,759.95 (- 0.92%) |
| Bandhan Bank | Rs 272.60 (0.68%) |
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These stocks came in midcap
While AMFI downgraded IDBI Bank, HDFC AMC, Godrej Properties, SAIL, Zydus Lifesciences, Jubilant Foodworks and PB Fintech (PolicyBazaar) from large cap category to midcap, Vedanta Fashions and Delhivery joined the direct midcap category. Apart from this, Motherson Sumi Wiring has been demerged from its parent company Motherson Sumi Systems. On the other hand, Tata Tele Maharashtra, KPR Mills, Tanla Platforms, Poonawalla Fincorp, SKF India and Chambal Fertilizers have come in from small cap to midcap. The cut off for joining this is Rs 16.4 thousand crores.
| share | Today’s closing price on NSE (change) |
| IDBI Bank | Rs 30.70(- 0.32%) |
| HDFC AMC | Rs 1,860.00 (-0.55%) |
| Godrej Properties | Rs 1,233.55 (- 0.24%) |
| Cell | Rs 69.50 (0.72%) |
| Zydus Lifesciences | Rs 360.10 (-0.18%) |
| Jubilant Foodworks | Rs 553.75 (0.99%) |
| PB Fintech (PolicyBazaar) | Rs 584.00 -(0.12%) |
| Vedanta Fashions | Rs 1,017.00 (2.45%) |
| delhivery | Rs 509.95 (0.79%) |
| Motherson Sumi Wiring | 75.45 Rs.1.82%) |
| Tata Tele Maharashtra | Rs 118.45 (- 0.92%) |
| KPR Mill | Rs 508.30 (0.65%) |
| Tanla platforms | Rs 1,001.05 (0.32%) |
| Poonawala Fincorp | Rs 227.30 (- 1.00%) |
| SKF India | Rs 3,800.00 (2.39%) |
| Chambal Fertilizers | Rs 278.90 (1.40%) |
These shares came in smallcap
Nuvoco Vistas, Aditya Birla AMC, UCO Bank, Natco Pharma, GR Infraprojects, Indiamart Intermesh, Happiest Minds, Ajanta Pharma and Sanofi India have been moved from midcap to small cap. While AGS Transact Tech, Uma Exports, Veranda Learning, Hariom Pipes, Campus Activewear, Rainbow Children’s Medicare, Prudent Corporate Advisory Services, Venus Pipes, Paradip Phosphates and Ethos have been included in the smallcap category.
| share | Today’s closing price on NSE (change) |
| Expansion of Nuvo | Rs.300.00 (0.50%) |
| Aditya Birla AMC | Rs 407.20 (- 0.098%) |
| UCO Bank | Rs 11.15 (0.00%) |
| Natco Pharma | Rs 642.70 (- 0.77%) |
| GR Infraprojects | Rs 1,101.95 (0.11%) |
| Indiamart Intermesh | Rs 3,709.00 (- 1.50%) |
| happiest minds | Rs.823.90 (- 0.25%) |
| Ajanta Pharma | Rs 1,218.00 (- 1.46%) |
| Sanofi India | Rs 6,433.10 (0.66%) |
| AGS Transact Tech | Rs 70.40 (- 0.78%) |
| Uma Exports | Rs 51.15 (- 0.58%) |
| Veranda Learning | Rs 231.15 (- 1.74%) |
| Hariom Pipes | Rs 197.95 (1.85%) |
| campus activewear | Rs 350.00 (1.54%) |
| Rainbow Children’s Medicare | Rs 461.10 (- 2.13%) |
| Prudent Corporate Advisory Services | Rs 485.00 (- 2.83%) |
| Venus Pipes | Rs 339.65 (- 0.25%) |
| Paradip Phosphates | Rs 41.05(0.37%) |
| athos | Rs 780.00 (- 0.72%) |
