Informative

Largecap, midcap threshold rises around 25% amid stock market rally

Update / Judgement Date

05 Jul 2024

Source

Business Standard

Author

Team — WCP Legal Desk

Reading Time

1 min read

Stock Market

Following the latest rebalancing by the Association of Mutual Funds in India (Amfi), the market cap thresholds for largecap and midcap stocks have risen to Rs 84,325 crore and Rs 27,564 crore, up 25% from the previous thresholds. Seven stocks moved from midcap to largecap, while 19 new stocks entered the midcap category. The rebalancing reflects strong market performance in H1 CY24.

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Largecap, midcap threshold rises around 25% amid stock market rally

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