Changes in AMFI: Adani Power may soon get the tag of largecap; LIC, HAL also in race

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Amfi’s upcoming list of stock classifications is due, which will take into account the January-June 2022 data, a period that saw record FPI outflows and high volatility on Dalal Street. ICICI Securities believes that the types of stocks that will upgrade from small to midcap and midcap to largecap category do not indicate a risky environment as most of them are cyclical and capital-intensive sectors such as financial and industrial are related to. On the other hand, ICICI Securities said some of the downgrades are from growth, quality and defensive buckets. Given below are the stocks which are likely to enter or exit different mcap categories.

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