A few days back, AMFI published the updated half-yearly data on market-capitalization (mcap) bucketing for all listed stocks. As per SEBI’s current definitions, the Largecaps are the first 100 companies by marketcap. The Midcaps are the stocks ranked 101 to 250. And Smallcaps are the stocks of ranked 251 onwards.
As per Dec-2024, to qualify as a Largecap stock, the minimum current marketcap requirement is a whopping Rs 1 lakh crore! What this means is that as of now, there are 100 Indian companies that have a mcap of more than Rs 1 lakh crore or $11.5 Billion. Compare this with Dec-2017, when the categorization was established by SEBI, the requirement to be a largecap stock was Rs 29,304 Cr. So, there has been a 3.4x growth in the size of the smallest largecap in 7 years!
Read more in this article I authored in Mint here – Is it time to Rethink Marketcap Classification in India?
