Stocks Of Zomato, Nykaa, Paytm To Become Large Cap - Viral Bake
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Stocks Of Zomato, Nykaa, Paytm To Become Large Cap

Stocks of technology, real estate, chemical sectors may get an upgrade from midcap to largecap and from smallcap to midcap very soon. Investors should stay vigilant and keep checking market trends.

Association of Mutual Funds in India (AMFI) announces reclassification of shares of different sectors twice every year. By first week of January 2022, AMFI will make next announcement in this regard. The new list will be valid from February 2022 to July 2022. Market cap average of roughly six months is always used for assessment and calculation.

As per ICICI Securities, new age e-commerce spaces are most likely to shift towards large cap. The probability is high for certain stocks like Zomato, One97 Communications (Paytm), PB Fintech Policybazaar) and FSN E-Commerce (Nykaa). The move towards elite list will cause rise in share prices.

Other stocks that might also qualify as large caps are IRCTC, SRF, TATA Power, Godrej Properties, Mphasis, Mindtree.

Smallcaps like Happiest Minds Technology, Gujarat Fluorochemicals, Nalco, India Energy Exchange, Central Bank, Trident Industrials, Grindwell Norton and Prestige Estates have the potential to become midcap stocks.

Largecap stocks like Bank of Baroda, YES Bank, NMDC, PNB, Aurobindo Pharma, Biocon, Lupin are more likely to slip to midcap list.

Siddhant Baranwal

Siddhant is a Content Creator. He has been doing this for past three years and have managed to gain good attention of audiences for his work. He is an active reader and has huge respect for art and theatre.

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