AMFI stock reshuffle: Jio Financial gets large-cap tag, Tata Tech moves to mid-cap; check stock movements in mutual fund

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₹67,000 crore, a significant increase from its previous level of ₹49,700 crore as of June 2023, according to a report by Nuvama Institutional Equities. Likewise, the mid-cap cut-off has seen an uptick to ₹22,000 crore, surpassing the earlier mark of ₹17,400 crore.

Also read: Jio Financial Services: KR Choksey advises buying the stock, sees 24% upside – 3 key reasons behind the bullish stance Jio Financial has recently joined the large-cap category. Among the notable transitions from mid-cap to large-cap status, the following eight stocks have been promoted: Power Finance Corporation, IRFC, Macrotech Developers, Polycab India, REC, Shriram Finance, Union Bank, and IOB.

The stocks that have transitioned from the small-cap to mid-cap category include Mazagon Dock, Suzlon Energy, Lloyds Metals, SJVN, Kalyan Jewellers, KEI Industries, Credit Access Grameen, Exide Industries, Nippon Life, Ajanta Pharma, Narayana Hrudaya, and Glenmark Pharma. Also read: Mauritius-based FII buys stake in this multibagger stock; shares hit upper circuit The stocks that have moved downwards from large-cap to mid-cap category are Hero Motocorp Limited, Samvardhana Motherson International Limited, Tube Investments Of India Limited, Bosch Limited, Indian Railway Catering & Tourism Corporation Limited, PI Industries Limited, Adani Wilmar Limited and UPL Limited.