Suzlon Energy , Mazagon Dock Shipbuilders, SJVN, Kalyan Jewellers Ltd, Exide Industries and Glenmark Pharma are some of the smallcap shares that have now been categorised as midcaps.
Mazagon Dock Shipbuilders Ltd, Suzlon Energy Ltd and KEI Industries Ltd from industrials, Lloyds Metals from metals, SJVN from utilities and Kalyan Jewellers Ltd from consumer discretionary are likely to be upgraded to midcap category.
Several BSE500, midcap, and smallcap stocks gained 15 to 50 percent in August. Increased investment by DIIs and strong quarterly performance of these companies are among the factors that boosted investor confidence, say analysts