BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The upcoming Association of Mutual Funds in India reclassification of stocks based on size will take into account average market capitalisation for the period January-June 2021 for reclassifying stocks into large, mid and small caps (large: top 100, mid: 101-250, and small: below 250th rank on market capitalisation).
Based on the data available since January 2021 till now and assuming prices will not deviate a lot from current levels during June-21, we observe the following trends:
- Overall 20 stocks could potentially get upgrades (seven from mid to large, and 13 from small to mid).
- Of the above 20 stocks, 14 belong to cyclicals (industrials and lenders) while five belong to digital domain (platform, e-commerce or niche digital technology), and one defensive (healthcare).
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