In the latest reclassification exercise by the Association of Mutual Funds in India (Amfi), public sector companies such as NMDC, Steel Authority of India (SAIL) and Bank of Baroda have been pushed to the large cap category from the mid cap segments.
Others such as Adani Total Gas, Apollo Hospital Enterprises, Cholamandalam Investment and Finance Company and Honeywell Automation India too have been moved to the large-cap category. Stocks that have been promoted to large cap have done exceedingly well in the last one year and have given returns in the range of 100-400 per cent.
Market participants say that