Yes Bank Ltd and five other companies have joined the large-cap stock category, under a semi-annual review by the Association of Mutual Funds in India (Amfi). The changes will be effective for the February-July period in 2021.The other five stocks which have joined the large-cap club are Gland Pharma Ltd, Adani Enterprises Ltd, PI Industries Ltd, Jubilant Foodworks Ltd and Hindustan Agro. In 2017, the Securities and Exchange Board of India (Sebi) defined large-cap, mid-cap and small-cap companies, and asked Amfi to prepare lists of stocks in these baskets.
The threshold for the large-cap segment is ₹28,900 crore. The six-month average market cap of Yes Bank now stands at ₹34,869 crore. Its current market cap is ₹44,973.56 crore on BSE. Incidentally, the troubled private lender was dropped from the benchmark index Nifty 50, Nifty banking index and other Nifty indices on 19 March.
Courtesyg: Google (photo)
