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8 Large-Cap Stocks Likely to Lose Status in AMFI's H2 CY26 Rejig

Published: April 23, 2026 | Category: Real Estate
8 Large-Cap Stocks Likely to Lose Status in AMFI's H2 CY26 Rejig

Around eight large-cap stocks are likely to be downgraded to the midcap segment in AMFI’s semi-annual rejig for H2 CY26, according to Nuvama Institutional Equities. The shift is driven by a fall below the large-cap market-cap threshold, impacting their index classification.

This change may lead to reduced allocation from large-cap mutual funds as index-linked portfolios adjust their holdings. In the short term, passive fund rebalancing could trigger selling pressure, though the broader impact will depend on final AMFI confirmation and market conditions. Here are the stocks that may get a downgrade from Large Cap to Mid-cap.

Lodha Developers Ltd

Lodha (Macrotech Developers), founded in 1980, is one of India’s largest real estate developers, specializing in luxury and premium residential/commercial projects. Headquartered in Mumbai, they hold a significant market share in the MMR and have expanded into Pune and Bengaluru. With a market capitalization of Rs 1,01,539 crore, the shares of the company today closed at Rs 1,216.60 per share from their previous close.

Indian Hotels Company Ltd (IHCL)

Indian Hotels Company Ltd (IHCL), founded in 1902, is one of India’s largest hospitality firms, operating the Taj, Vivanta, and Ginger hotel brands. Headquartered in Mumbai, it has a wide domestic and international footprint across luxury, midscale, and budget segments. With a market capitalization of Rs 93,797 crore, the shares of the company today closed at Rs 658.95 per share from their previous close.

Siemens Energy India

Siemens Energy India is a key player in energy engineering solutions, focused on power transmission, grid infrastructure, and renewable integration. Operating as part of a global energy technology group, it supports India’s transition towards cleaner and more efficient power systems. With a market capitalization of Rs 1,13,554 crore, the shares of the company today closed at Rs 3,188.65 per share from their previous close.

Max Healthcare Institute

Max Healthcare Institute, founded in 2001, is a leading hospital chain in India offering multi-specialty healthcare services. Headquartered in New Delhi, it operates a strong network of hospitals across North India with growing capabilities in advanced tertiary care. With a market capitalization of Rs 97,820 crore, the shares of the company today closed at Rs 1,005.15 per share from their previous close.

Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd, established in 1934, is a premier defence public sector shipyard engaged in building warships and submarines for the Indian Navy. Based in Mumbai, it plays a critical role in India’s defence manufacturing and indigenization efforts. With a market capitalization of Rs 1,09,023 crore, the shares of the company today closed at Rs 2,702.75 per share from their previous close.

LG Electronics India

LG Electronics India, a subsidiary of South Korea’s LG Group, is a major consumer electronics and home appliances company in India. It offers products including televisions, refrigerators, washing machines, and air conditioners, supported by a strong nationwide distribution network. With a market capitalization of Rs 1,09,326 crore, the shares of the company today closed at Rs 1,610.65 per share from their previous close.

GAIL (India) Ltd

GAIL (India) Ltd, founded in 1984, is India’s largest state-owned natural gas company involved in gas transmission, marketing, and petrochemicals. Headquartered in New Delhi, it operates an extensive pipeline network and plays a central role in India’s energy infrastructure. With a market capitalization of Rs 1,09,245 crore, the shares of the company today closed at Rs 166.15 per share from their previous close.

Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories, founded in 1984, is a global pharmaceutical company headquartered in Hyderabad. It specializes in generic medicines, active pharmaceutical ingredients, and biosimilars, with a strong presence in regulated markets such as the US and Europe. With a market capitalization of Rs 1,01,573 crore, the shares of the company today closed at Rs 1,217 per share from their previous close.

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Frequently Asked Questions

1. What is the AMFI H2 CY26 rejig?
The AMFI H2 CY26 rejig is a semi-annual reclassification of stocks by the Association of Mutual Funds in India (AMFI) to ensure that the market capitalization thresholds for large-cap and mid-cap stocks are maintained.
2. Why are these stocks being downgraded?
These stocks are being downgraded because their market capitalization has fallen below the threshold required to remain in the large-cap category, as determined by AMFI.
3. What are the potential impacts of this downgrade?
The potential impacts include reduced allocation from large-cap mutual funds, short-term passive selling pressure, and possible changes in investment strategies for these stocks.
4. Which companies are likely to be downgraded?
The companies likely to be downgraded include Lodha Developers Ltd, Indian Hotels Company Ltd (IHCL), Siemens Energy India, Max Healthcare Institute, Mazagon Dock Shipbuilders Ltd, LG Electronics India, GAIL (India) Ltd, and Dr. Reddy’s Laboratories.
5. How can investors prepare for these changes?
Investors should review their portfolios, consider the potential impact on their investments, and consult with financial advisors to make informed decisions based on the upcoming changes.