Daily BriefsIndia

Daily Brief India: Indus Towers, Vedanta Resources and more

In today’s briefing:

  • India: AMFI Stock Reclassification Preview (June 2023)
  • Morning Views Asia: Sino-Ocean Service, Vedanta Resources

India: AMFI Stock Reclassification Preview (June 2023)

By Brian Freitas

  • Nearly halfway through the review period, we see 10 stocks moving from MidCap to LargeCap and vice versa, and 9 stocks moving from SmallCap to MidCap and vice versa.
  • Financials are poised to be the biggest gainers in the reshuffle with 6 stocks moving from MidCap to LargeCap and 5 stocks moving from SmallCap to MidCap.
  • Over the last 6 months, stocks expected to migrate upward have outperformed stocks that are expected to migrate downward., though there has been a downward drift this year.

Morning Views Asia: Sino-Ocean Service, Vedanta Resources

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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