New-age companies make it to Amfi's large-cap list, shows data

Strat-ups Zomato, PB Fintech, One97 Communications, and FSN E-Commerce Ventures have entered the large-cap category after the latest reclassification exercise by the Association of Mutual funds in India (Amfi).

This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price.

Others such as Mindtree, SRF, IRCTC, Tata Power, JSW Energy have been moved from mid-cap to large-cap category. Stocks that have been promoted to large-cap have done exceedingly well in the last one year and have generated returns in the 110-190 per cent range.

Market participants say the inclusion of these stocks into the large-cap