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Amfi s reclassified list to see Adani Gas, NMDC, others join large caps

Amfi’s reclassified list to see Adani Gas, NMDC, others join large caps SECTIONS Last Updated: May 27, 2021, 01:21 AM IST Share Synopsis Adani Gas, Apollo Hospitals Enterprise, Honeywell Automation and BOB are likely to be reclassified as large-caps from mid-caps in the upcoming semi-annual review by Amfi. ThinkStock Photos Adani Gas, Apollo Hospitals Enterprise, Cholamandalam Investment, NMDC, Honeywell Automation and Bank of Baroda are likely to be reclassified as large-caps from mid-caps in the upcoming semi-annual review by the Association of Mutual Funds in India (Amfi), according to reports by Edelweiss Alternative Research and IIFL Alternative Research. Meanwhile, Abbott India, Hindustan Aeronautics, Alkem Laboratories, Hindustan Petroleum, PI Industries, Petronet LNG are likely to be reclassified to mid-caps from large-caps. The reclassified list of large-cap, mid-cap and small-caps will be released by Amfi by the first week of July and will be effective for the

RailTel Corp gains after order win

RailTel Corporation of India rose 3.49% to Rs 123.10 after the company secured a contract for a period of five years worth Rs 11.99 crore. RailTel Corporation of India has received a work order from Cotton Corporation of India, for hiring on-cloud data centre hosting for hardware and software along with migration of Oracle EBS and other applications. The total cost for five years contract period would be Rs 11.99 crore. RailTel Corporation of India posted a 61.1% rise in consolidated net profit to Rs 69.66 crore on a 52% jump in net sales to Rs 410.60 crore in Q3 FY21 over Q3 FY20. RailTel Corporation of India, a public sector undertaking under the Ministry of Railways (MoR), Government of India, is an information and communications technology (ICT) infrastructure provider and is one of the largest.

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