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<\/p>\nPolycab India, Power Finance Corporation, Shriram Finance, and Union Bank of India appear poised to transition from the mid-cap to the large-cap category within the domestic mutual fund industry.<\/p>\n
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Their market capitalisation (m-cap) now ranks among the top 100, which is the threshold for the large-cap universe defined by the Securities and Exchange Board of India.<\/p>\n
According to data from the June and December periods, stocks placed in the 1–100 range in terms of total m-cap are designated as large-cap, while stocks ranked between 101 and 250 are classified as mid-cap, and those ranked 251 and below fall into the small-cap category.<\/p>\n
It should be noted that finalising the list is still in its early stages, but stocks that hold prominent positions in the rankings typically demonstrate stronger performance.<\/p>\n
“Since March, stocks expected to migrate from mid-cap to large-cap and from small-cap to mid-cap have consistently outperformed those anticipated to shift from large-cap to mid-cap and from mid-cap to small-cap,” observes Brian Freitas, a New Zealand-based analyst with Periscope Analytics.<\/p>\n
Based on Freitas’ calculations as of August 29 closing prices, eight stocks are projected to make the transition from mid-cap to large-cap, while 13 stocks are set to shift from small-cap to mid-cap.<\/p>\n
An equivalent number of stocks will experience downgrades, moving from large-cap to mid-cap and from mid-cap to small-cap.<\/p>\n
Notably, UPL (formerly United Phosphorus), Adani Wilmar, Indian Railway Catering and Tourism Corporation, and Bosch, currently within the large-cap universe, may transition to mid-caps based on the initial data trends.<\/p>\n