AMFI Reclassification: These 7 Stocks Could Be Reclassified Into Largecap Category

In the forthcoming AMFI reclassification challenged by the coronavirus pandemic and overall grim economic outlook, Edelweiss Alternate Research based on the market-cap has come up the list of stocks that may see a change in category as part of the semi-annual categorization review.

As per the SEBI's mandate, with completion of half-year a new list of small, mid- and large cap shall come out by the first week of July and will be effective from August until January 2021.

It is expected that as the prospect of pharma stocks have seen an uptick amid the pandemic, mid-cap pharma stocks may find their space in the large cap category.

Expected re-classification from Midcap to Large cap in H2CY20

From Large to Mid Cap categorization

In the broader markets, the company expects these 10 companies to be shifted to mid-cap category including Escorts, Central Bank of India, Ruchi Soya, Tube Investments, Metropolis Healthcare, Jubilant Life Sciences, ITI, JM Financial, Sumitomo Chemical and TTK Prestige.

Further 7 stocks could be moved from mid-to small cap space including Apollo Tyres, Shriram City Union, Ujjivan Small Finance, Mangalore Refinery, EIH, Future Lifestyle, and PNB Housing Finance.

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