AMFI rejig: Adani Power may join largecaps; LIC, Adani Wilmar too in the race

A few contenders include Adani Power, Cholamandalam Investment, Hindustan Aeronautics and Bank of Baroda. The probability of all the stocks moving to largecap category is high, ICICI Securities said. At present, Adani Power ranks at 63 in terms of current market capitalisation, followed by Cholamandalam Investment at 87, Bank of Baroda at 90 and Hindustan Aeronautics at 93.

The contender in this space includes Tata Teleservices Maharashtra, KPR Mill, Tanla Platforms, Poonawalla Fincorp, Phoenix Mills, SKF India and Chambal Fertilisers.

This list of contenders include IDBI Bank, HDFC AMC, Godrej Properties, SAIL, Zydus Lifesciences, Jubilant Foodworks and PB Fintech. Among them, except for IDBI Bank, which has a low probability of a downgrade, the rest all have a high probability of seeing a downgrade to the midcap category.

The contenders in this space include Sanofi India Healthcare, Ajanta Pharma Healthcare, Aptus Value, Alkyl Amines Materials, Gujarat State Petronet Energy, Happiest Minds, Indiamart, GR Infraproject, Natco Pharma, UCO Bank, Aditya AMC Financial Services and Nuvoco Vistas. Among them Sanofi India Healthcare, Ajanta Pharma Healthcare and Aptus Value have a low probability of downgrading to smallcap categories; the rest all have a high probability of downgrades.

Meanwhile, there is a high probability of LIC and Adani Wilmar joining largecap category while Delhivery, Vedant Fashions and Motherson Wiring may move to the midcap categories. The probability of LIC entering the largecap category is high as it is the seventh-largest listed company. Adani Wilmar, on the other hand, is the 70th largest firm by m-cap.


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