Zydus Life, Hero, NHPC, Bosch probable upgrades in AMFI rejig, Nuvama says

Berger Paints India

04/04/2024 11:04

** Zydus Lifesciences  ZYDU.NS , Hero Motocorp  HROM.NS ,
NHPC  NHPC.NS , Bosch  BOSH.NS , JSW Energy  JSWE.NS  are
probable large-cap entrants in upcoming Association of Mutual
Funds in India's (AMFI) size reclassification, as per Nuvama
    ** AMFI updates classification of companies based on market
capitalisation changes semi-annually, with the next update due
July
    ** Nuvama Alternative & Quantitative Research anticipates
large-cap cut-off to be about 820 bln rupees vs 670 bln rupees
as of December 2023
    ** Nuvama sees Marico  MRCO.NS , Berger Paints  BRGR.NS ,
SBI Cards  SBIC.NS , SRF  SRFL.NS  and Polycab India  POLC.NS 
likely to be moved to mid-cap from large-cap
    ** Research house expects MRPL  MRPL.NS , Housing and Urban
Development Corp  HUDC.NS , BSE  BSEL.NS  as potential mid-cap
entrants
    ** NHPC shares up 1.7%, ZYDU down 0.1%, HROM down 0.7%, BOSH
down 0.05%    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))