Cyclical, Digital Stocks To Dominate Upgrades In Upcoming AMFI Size Reclassification: ICICI Securities
A data graph tracks the movement of stocks. (Photographer: Alex Kraus/Bloomberg)

Cyclical, Digital Stocks To Dominate Upgrades In Upcoming AMFI Size Reclassification: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The upcoming Association of Mutual Funds in India reclassification of stocks based on size will take into account average market capitalisation for the period January-June 2021 for reclassifying stocks into large, mid and small caps (large: top 100, mid: 101-250, and small: below 250th rank on market capitalisation).

Based on the data available since January 2021 till now and assuming prices will not deviate a lot from current levels during June-21, we observe the following trends:

  • Overall 20 stocks could potentially get upgrades (seven from mid to large, and 13 from small to mid).
  • Of the above 20 stocks, 14 belong to cyclicals (industrials and lenders) while five belong to digital domain (platform, e-commerce or niche digital technology), and one defensive (healthcare).

Click on the attachment to read the full report:

ICICI Securities Strategy Size Classification Jun21.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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