Potential Demotion of Nine Midcap Stocks to Smallcap by AMFI
Physicswallah and Jubilant Foodworks among 9 midcap stocks that may get demoted to smallcap in AMFI rejig
The Economic Times
Image: The Economic Times
Nine stocks, including Physicswallah and Jubilant Foodworks, may be demoted from midcap to smallcap status by the Association of Mutual Funds in India (AMFI) in H2 CY26. This shift is based on projected changes in market capitalization thresholds, with the midcap cut-off potentially dropping to ₹31,500 crore (approximately $3.8 billion USD).
- 01AMFI may adjust largecap and midcap thresholds in H2 CY26.
- 02Current midcap stocks facing demotion include Physicswallah and Jubilant Foodworks.
- 03The midcap cut-off could decrease to ₹31,500 crore (approximately $3.8 billion USD).
- 04Stocks like Kaynes Technology and SJVN are also at risk of losing midcap status.
- 05The changes reflect ongoing market capitalization adjustments in the Indian stock market.
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The Association of Mutual Funds in India (AMFI) is expected to demote nine midcap stocks to smallcap status in its upcoming semi-annual rejig scheduled for H2 CY26, as predicted by Nuvama Institutional Equities. This adjustment is driven by anticipated changes in market capitalization thresholds, with the largecap cut-off potentially increasing to approximately ₹1.04 lakh crore (around $12.5 billion USD) and the midcap threshold dropping to about ₹31,500 crore (roughly $3.8 billion USD). Among the stocks facing demotion are Physicswallah with a market capitalization of ₹30,770 crore, Jubilant Foodworks at ₹30,234 crore, and others like Kaynes Technology and SJVN, which have market caps of ₹28,288 crore and ₹31,045 crore, respectively. The changes highlight the dynamic nature of market capitalizations and their impact on stock classifications in India.
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The potential demotion of these stocks may lead to decreased investor interest and liquidity, affecting stock prices and investor portfolios.
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