AMFI Rejig: Physicswallah among 9 midcap stocks that may get demoted to smallcap status

These nine stocks may soon be downgraded to the small-cap segment from their current mid-cap status by the Association of Mutual Funds in India (AMFI) in its semi-annual rejig in H2 CY26, according to Nuvama Institutional Equities.

Based on current average market-cap levels, AMFI may revise the large-cap cut-off to around Rs 1.04 lakh crore (vs Rs 1.05 lakh crore as of December 2025) and the mid-cap threshold to about Rs 31,500 crore (vs Rs 34,800 crore as of December 2025).

Kaynes Technology India, currently a midcap stock with a market cap of Rs 28,476 crore, may be reclassified as a small-cap in H2 CY26.

SJVN, currently a midcap stock with a market cap of Rs 30,239 crore, may be reclassified as a small-cap in H2 CY26.

Global Health India, currently a midcap stock with a market cap of Rs 29,119 crore, may be reclassified as a small-cap in H2 CY26.

PhysicsWallah, currently a midcap stock with a market cap of Rs 31,293 crore, may be reclassified as a small-cap in H2 CY26.

K.P.R. Mill, currently a midcap stock with a market cap of Rs 31,559 crore, may be reclassified as a small-cap in H2 CY26.

Cholamandalam Finance Holdings and CRISIL India, currently borderline midcap stocks with market caps of Rs 29,512 crore and Rs 31,896 crore, respectively, may be reclassified as smallcaps in H2 CY26.

Jubilant FoodWorks and Godrej Industries, also borderline midcap names, may be reclassified as smallcaps in H2 CY26. They have market caps of Rs 30,946 crore and Rs 31,322 crore, respectively.