AMFI MARKET CAP CLASSIFICATION POSITIVE FOR SOME AUTO STOCKS
News: As per the new classification of stocks based on market capitalisation by Amfi, Bosch has been upgraded from the midcap to the large cap category while ZF Commercial Vehicle Control Systems (Wabco) and Apollo Tyres have been upgraded from the smallCap to the midcap category. No auto sector stock witnessed a downgrade.
Views: Given the quantum of funds to be invested in the large caps category is more than the midcaps category that in turn is more than small cap category, this is a positive development for the said companies resulting in greater institutional buying in this space. We have a positive view on all three names
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