Jio Financial Services turns largecap stock, Tata Technologies in midcap basket after AMFI reshuffle
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24
Jio Financial Services, which made its stock market debut in August after being demerged from Reliance Industries, has become a largecap stock while the more recently listed JSW Infrastructure, Tata Technologies and IREDA entered the midcap segment after the recent Association of Mutual Funds of India (AMFI) rejig.
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24 (first half of the calendar year 2024). Accordingly, largecap threshold has been increased from Rs 49,700 crore in June 2023 to Rs 67,000 crore. The midcap threshold has risen from Rs 17,400 crore to Rs 22,000 crore.
Largecap companies are those that are in the 1 to 100 list in market capitalisation. Those that fall in the 101-250 list are midcap companies and those that are ranked from 251 are classified as smallcap companies.
Apart from Jio Financial Services, other companies that made it to the largecap basket include IRFC, Polycab India, REC, Power Finance Corporation, Union Bank, IOB and Shriram Finance.
Stocks that have made it to the midcap category include Suzlon Energy, SJVN, Mazagon Dock, Lloyds Metals, KEI Industries, Credit Access Grameen, Nippon Life, Narayana Hrudaya, and Glenmark Pharma.
AMFI, on Thursday, announced new thresholds for market categorisation for H1 CY24 (first half of the calendar year 2024). Accordingly, largecap threshold has been increased from Rs 49,700 crore in June 2023 to Rs 67,000 crore. The midcap threshold has risen from Rs 17,400 crore to Rs 22,000 crore.
Largecap companies are those that are in the 1 to 100 list in market capitalisation. Those that fall in the 101-250 list are midcap companies and those that are ranked from 251 are classified as smallcap companies.
Apart from Jio Financial Services, other companies that made it to the largecap basket include IRFC, Polycab India, REC, Power Finance Corporation, Union Bank, IOB and Shriram Finance.
Stocks that have made it to the midcap category include Suzlon Energy, SJVN, Mazagon Dock, Lloyds Metals, KEI Industries, Credit Access Grameen, Nippon Life, Narayana Hrudaya, and Glenmark Pharma.