Categorization happens twice a year
AMFI i.e. Association of Mutual Funds in India, the organization of mutual funds, does the categorization of shares twice a year. All mutual funds decide their exposure on the basis of categories decided by AMFI and accordingly shares receive investment through the mutual fund route. From this perspective, every determination of the category of shares by AMFI becomes very important.
Change in the first week of January
Now the next determination of the category of shares by AMFI is It is going to happen in the first week of January 2024 in the new year. According to an ET report, when AMFI will next sit to decide the categories of shares, some shares are going to benefit and their value is going to increase. Those stocks include names from small cap category like Suzlon Energy, Kalyan Jewellers, KEI Industries and recently listed JSW Infra in the stock market. These shares can be upgraded from small cap to mid cap. Suzlon’s share prices have strengthened by more than 300 percent in the last 6 months.
These shares are about to be upgraded
ET’s report was prepared on the basis of a calculation by Nuvama. Is. Nuvama’s calculations show that a total of 14 stocks in the small cap category can benefit from upgradation and join the mid cap category. Other stocks include Mazagon Dock, Lloyds Metal, SJVN, Credit Access Gramin, Emami, Exide Industries, Ajanta Pharma, Glenmark Pharma, Nippon Life and Fivestar Business. Similarly, mid cap IRFC, Power Fin Corp, Polycab Macrotech, Shriram Finance, Union Bank, Indian Overseas Bank, REC Limited and Jio Financial can get a place in large cap.
These stocks can Is downgraded
On the other hand, some shares may also suffer losses. Rajesh Exports, Aarti Industries, Pfizer, Vinati Organics, Crompton Greaves, Bharat Dynamics, Atul, Naveen Fluorine, Whirlpool, Laurus Labs, Sumitomo Chemicals, Aditya Birla Fashion, Bata India and Kajariya Ceramics can move from mid cap to small cap. . Similarly, UPL, Adani Wilmar, IRCTC, PI Industries, Bosch, Tube Investments, Hero MotoCorp and Samvardhan Motherson may have to move from large cap to mid cap.
Disclaimer: The information provided here is only. This is being given for information. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
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