Expected changes in Large Cap, Mid Cap and Small Cap stocks

Expected changes in Large Cap, Mid Cap and Small Cap stocks

Shashikant Singh
/ Categories: Mutual Fund

A lot has changed in the last six months. The equity market has gained a lot and some segments of the equity market underwent a vertical rise. The market cap of many companies has almost doubled in the last nine months. Except for a single day fall, the Indian equity market has an unabated rise till the end of December, which was the third consecutive month of rising.  

As mandated by SEBI, the renewed list of large, mid & small-caps will be released by AMFI by the first week of January 2021. The new categorisation will be effective from February 2021 and would hold till July 2021.  

Equity dedicated mutual funds will have to re-align their schemes within one month. This normally does not augur a radical change; however, in some cases, it may warrant a little change in the portfolio. Major gainer would be companies from Adani Group, whose two companies will now be categorised as ‘large-cap’ from earlier ‘mid-cap’.  

From Mid to Large-Cap

Company name  

M-Cap(31-12-20)  

Expected  

Earlier  

Adani Enterprises Ltd 

52680.9  

Large Cap  

Mid Cap  

Adani Gas Ltd 

41231.88  

Large Cap  

Mid Cap  

Jubilant FoodWorks Ltd  

36820.02  

Large Cap  

Mid Cap  

Godrej Properties Ltd 

36086.65  

Large Cap  

Mid Cap  

Apollo Hospitals Enterprise Ltd  

33547.25  

Large Cap  

Mid Cap  

PI Industries Ltd 

33337.51  

Large Cap  

Mid Cap  

Whirlpool of India Ltd  

33322.25  

Large Cap  

Mid Cap  

SRF Ltd 

33010.24  

Large Cap  

Mid Cap  

    

Similarly, there are many companies that will now be a part of ‘mid-cap’ that were earlier categorised as ‘large-cap’. These are mostly from the PSU pack.  

From Large Cap to Mid Cap  

Company name  

M-Cap(31-12-20)Rs Crore  

Expected  

Earlier  

Hindustan Petroleum Corporation Ltd

32724.79  

Mid Cap  

Large Cap  

Piramal Enterprises Ltd

32242.95  

Mid Cap  

Large Cap  

MRF Ltd

32110.71  

Mid Cap  

Large Cap  

United Breweries Ltd

31351.84  

Mid Cap  

Large Cap  

Bank of Baroda  

28416.48  

Mid Cap  

Large Cap  

General Insurance Corporation of India Ltd 

24386.16  

Mid Cap  

Large Cap  

Container Corporation Of India Ltd 

24313.89  

Mid Cap  

Large Cap  

  

The movement in the broader market is likely to make more changes in the small-cap and mid-cap space.  There are almost 18 companies from small-cap space that may be re-classified as mid-cap.

From Small Cap to Mid Cap  

Company Name  

M-Cap(31-12-20) Rs Crore  

Expected  

Earlier  

Laurus Labs Ltd

18950.11  

Mid Cap  

Small Cap  

Indiamart Intermesh Ltd 

18653.5  

Mid Cap  

Small Cap  

Dixon Technologies (India) Ltd  

15734.61  

Mid Cap  

Small Cap  

Navin Fluorine International Ltd

12928.84  

Mid Cap  

Small Cap  

Deepak Nitrite Ltd

12853.68  

Mid Cap  

Small Cap  

Alok Industries Ltd 

11569.01  

Mid Cap  

Small Cap  

Persistent Systems Ltd

11567.69  

Mid Cap  

Small Cap  

AstraZeneca Pharma India Ltd 

11553.63  

Mid Cap  

Small Cap  

Suven Pharmaceuticals Ltd

11479.61  

Mid Cap  

Small Cap  

Tata Elxsi Ltd

11414.34  

Mid Cap  

Small Cap  

Procter & Gamble Health Ltd

11311.57  

Mid Cap  

Small Cap  

APL Apollo Tubes Ltd

11035.71  

Mid Cap  

Small Cap  

Timken India Ltd

10010.86  

Mid Cap  

Small Cap  

Blue Dart Express Ltd

9709.71  

Mid Cap  

Small Cap  

Indian Bank  

9661.73  

Mid Cap  

Small Cap  

Affle (India) Ltd

9647.06  

Mid Cap  

Small Cap  

Chambal Fertilisers & Chemicals Ltd

9495.78  

Mid Cap  

Small Cap  

KEC International Ltd 

9369.59  

Mid Cap  

Small Cap  

   

There are many companies that may be now re-classified as small-cap that were earlier mid-cap.

From Mid Cap to Small Cap  

Company Name  

M-Cap (31-12-20) Rs Crore  

Expected  

Earlier  

IIFL Wealth Management Ltd

8962.17  

Small Cap  

Mid Cap  

Motilal Oswal Financial Services Ltd 

8819.82  

Small Cap  

Mid Cap  

TTK Prestige Ltd

8600.79  

Small Cap  

Mid Cap  

SKF India Ltd

8426.95  

Small Cap  

Mid Cap  

CESC Ltd

8142.98  

Small Cap  

Mid Cap  

Central Bank of India  

8137.65  

Small Cap  

Mid Cap  

JM Financial Ltd

8038.18  

Small Cap  

Mid Cap  

V-Guard Industries Ltd

7999.21  

Small Cap  

Mid Cap  

PVR Ltd

7281.73  

Small Cap  

Mid Cap  

Symphony Ltd

7178.29  

Small Cap  

Mid Cap  

Future Retail Ltd 

4267.78  

Small Cap  

Mid Cap  

  

The above calculation is based on the market cap as of December 31, 2020, for the share prices traded on BSE. There may be a slight change in the actual list as it is calculated on the average of market cap and from different exchanges.   

The above list is only for information purposes and should not be considered as a recommendation.   

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