ICICI Securities: Stocks From Diverse Sectors To Get Upgraded On Market Cap Size Categorisation
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ICICI Securities Report
By January 05, 2021, Association of Mutual Funds in India is expected to release a fresh list for categorisation of stocks into large-caps, mid-caps, and small-caps, based on average market cap for the second half of the year.
We expect four to five switches between large-caps and mid-caps, and 11-12 switches between mid and small caps.
The lower end of the size limit for large-caps and mid-caps have increased to Rs 276 billion and Rs 82 billion respectively (from Rs 267 billion and Rs 70 billion) based on the market data for the second half of 2020 available so far.
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