AMFI will officially announce the new list in the first week of January 2023, which will be valid from February to July 2023. Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, and Bandhan Bank are expected to move from large-cap to mid-cap, according to Nuvama.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj