top of page

Check your portfolio 24x7

Infinity Finserv (P) Ltd , An AMFI Registered Mutual Fund Distributor

Some stocks have been downgraded - like Nykaa

Writer: Abhinesh Kumar
Abhinesh Kumar
Jul 5, 2023
1 min read

The mutual fund body categorizes stocks on the basis of their market capitalisation once every six months. The top 100 stocks in terms of their market value are tagged as largecap, those ranked between 101-250 are treated as midcaps while others in the top 500 list (251-500) are treated as smallcaps.


Following a 42% drop in its share price from its 52-week high, FSN E-Commerce, which runs fashion and beauty e-tailer Nykaa, has been downgraded from largecap to midcap category by the Association of Mutual Funds in India (AMFI)


AMFI Downgrades


Not just Nykaa, JSW Energy, Tata Elxsi, Indus Towers, Macrotech Developers, and Info Edge have also been downgraded to midcap.


Stocks that have been downgraded from midcap to smallcap are Piramal Pharma, Tata Tele, Fine Organic, Clean Science, Dr. Lal Pathlabs, and Blue Dart Express.


AMFI Upgrades

On the other hand, RVNL, Bank of Maharashtra, Punjab & Sind Bank, Jindal Stainless, Bharat Dynamics, and New India Assurance ha ..


Source : Economic Times 5th July 2023

Comments

Infinity Finserv Logo

ARN Number : 20943
ARN Name : Infinity Finserv (P) Ltd
AMFI Registered Mutual Fund Distributor

Initial Registration Date: 12 July 2004

Current Validation of ARN: 11 July 2029

Connect With Us

  • youtube
  • insta
  • facebook
  • linkedin
  • whatsapp
  • gmaap

Disclaimer : Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in our web site.

bottom of page