Amfi reclassification list: Adani Gas, SAIL, NMDC among 7 stocks likely to enter largecap segment in Amfi list
“Upper limit for qualifying as a midcap stock crosses an all-time high of $5 billion last seen during May 2018 and is up 5 times from the taper tantrum lows of $1 billion. Upper threshold for smallcaps at $1.6 billion is still below the level seen in January 2018 level of $1.8 billion,” said Vinod Karki and Siddharth Gupta of ICICI Securities. The Amfi classification tags top 100 stocks by average marketcap between January and June as largecap, next 150 as midcap and the rest as smallcap. Interestingly, two of the newly listed stocks--IRFC and Indigo Paints--will debut directly as midcap ...
Source: indiatimes.com