Finance1 min read

AMFI Rejig: Reliance's Jio Platforms, NSE, Lenskart, LG among 7 stocks set for large cap upgrade - Vedanta in mid cap?

By · Published by Everything Blog

In short

Nuvama Alternative Research projects that the minimum threshold for large-cap status will climb to roughly ₹1.12 lakh crore, forcing a multi-tier rebalancing across the domestic market. A parallel shift will see seven existing large-cap fixtures drop down into the mid-cap tier as competition for the top tier intensifies. Additionally, the mid-cap threshold is anticipated to advance to approximately ₹36,700 crore, spurring further migration between small-cap and mid-cap listings.

Key points

  • The upcoming semi-annual AMFI reclassification will force substantial portfolio realignme…: The upcoming semi-annual AMFI reclassification will force substantial portfolio realignments across all market capitalization tiers.
  • High-profile private and newly listed companies are displacing traditional market heavywe…: High-profile private and newly listed companies are displacing traditional market heavyweights from the upper-tier category.
  • Brokerage projections will remain subject to movement until the official capitalization c…: Brokerage projections will remain subject to movement until the official capitalization calculation window closes at the end of December.

Sources checked by our analysis pipeline: 1

The next AMFI semi-annual stock categorisation exercise could bring significant changes to India's large-cap and mid-cap universe, with several prominent companies potentially moving up the market-cap ladder. Jio Platforms, National Stock Exchange (NSE), Lenskart Solutions, and LG Electronics are among seven stocks that could enter the large-cap category, while Vedanta may move in the opposite direction, shifting from large-cap to mid-cap.

According to early predictions by Nuvama Alternative Research for the first half of calendar year 2027 (H1 CY27), seven stocks are potential largecap entrants, while seven existing largecap companies could be reclassified as midcaps. The list also identifies potential changes across the midcap and smallcap categories.

Nuvama said its latest assessment follows an earlier prediction note released on 31 October 2026. The brokerage plans to provide further updates until the end of December, when the market-cap cut-off period concludes.

According to Nuvama's early estimates, Bosch, Zydus Lifesciences, Lodha Developers, Lenskart Solutions and LG Electronics are among the stocks that could move into the largecap category. Jio Platforms and the National Stock Exchange of India (NSE) are also making their…

Finance