Due to strong interest in cyclical and digital stocks in the last one year, names from these segments will dominate the upgrades when the Association of Mutual Fund in India (Amfi) updates its biennial size reclassification list in early July.
Assuming that prices will not deviate a lot from current levels during June, overall 20 stocks could potentially get upgrades with seven of them moving from midcap space to largecap, and 13 from smallcap space to midcap, said ICICI Securities NSE 5.47 %.
Of the above 20 stocks, 14 belong to cyclical (industrials and lenders), while five belong to the digit domain (platform, e-commerce or niche digital technology), and one to defensive (healthcare).
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