Varun Beverages, ABB India rise to MFs' largecap bucket after strong run-up

Muthoot Finance, Paytm move to the midcap list after MF industry rejigs stock classification

Varun Beverages, ABB India, Page Industries, and four other companies (Tata Elxsi, Bosch, Trent, and PI Industries) have entered the mutual fund (MF) industry’s large-cap companies list after a strong run-up in share price in the last six months of Calendar 2022 (CY22). They have replaced Muthoot Finance, Paytm, Bandhan Bank, Mphasis, Gland Pharma, and Piramal Enterprises, now consigned to the mid-cap bin.

Shares of Varun Beverages surged 67 per cent in the July-December period; ABB India rose 17 per cent. Other additions to the list like PI Industries and Trent gained 34 per cent and 26 per cent, respectively.