RVNL and Kaynes Technology are among 19 stocks that may soon be upgraded to largecap and midcap status by the Association of Mutual Funds in India (AMFI) in its February 2025 rejig, according to a prediction by the Nuvama Institutional Equities.
The 11 stocks slated to be upgraded in the AMFI rejig include CG Power, Rail Vikas Nigam, ICICI Prudential, Polycab India, Indus Towers, Cummins India, Info Edge, Hyundai Motor India, NTPC Green, Bajaj Housing Finance, and Swiggy.
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Eight stocks may soon be promoted to the midcap space and these include GE T&D India, Kaynes Technology, Aditya Birla Fashion & Retail, Waaree Energies, Premier Energies, Vishal Mega Mart, Ola Electric Mobility, and 360 One WAM.
Based on current average market-cap levels, AMFI may increase the largecap cut-off to approximately Rs 1 lakh crore (compared to Rs 84,000 crore as of June 2024) and the midcap threshold to be around Rs 32,900 crore (compared to Rs 27,500 crore as of June 2024).
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