AMFI Rejig: Reliance's Jio Platforms, NSE, Lenskart, LG among 7 stocks set for large cap upgrade - Vedanta in mid cap?
Nuvama rate 7 stocks, including Reliance Industries, Lenskart and Vedanta.
· LiveMint Markets
AMFI’s upcoming stock categorisation may bring substantial changes across market-cap segments. Nuvama predicts seven possible additions to the large-cap category and seven potential downgrades, alongside shifts between mid-cap and small-cap stocks.
The analysis
Where the names start from: Lenskart is 2% below its 52-week high, +26.2% over three months; Reliance Industries is 17% below its 52-week high, -0.8% over three months; Vedanta is 26% below its 52-week high, -6.0% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Why it matters
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Brokerage calls from Nuvama, with ratings on 7 stocks. Of these, the 3 we track are below: Reliance Industries, Lenskart and Vedanta.
- On the day, 2 of 3 are higher: Reliance Industries leads at +0.3% and Lenskart trails at -0.8%.
- Over three months: Reliance Industries -0.8% against Oil & Energy -0.9% (0.1 points ahead); Lenskart +26.2% against Consumer & Retail -6.2% (32.4 points ahead); Vedanta -6.0% against Metals & Mining -7.1% (1.1 points ahead).
- At least 25% below the 52-week high: Vedanta (26%).
- Vedanta: 52-week and period figures are measured from 30 Apr 2026, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,324.40 | +0.3% | +13.2% | -0.8% | -16.8% | 0.9× | — |
| LenskartLENSKART · Consumer & Retail | ₹718.80 | -0.8% | +6.1% | +26.2% | -1.8% | 0.8× | — |
| VedantaVEDL · Metals & Mining · Price reset 30 Apr 2026 | ₹262.00 | +0.1% | -0.8% | -6.0% | -26.1% | 0.9× | — |
Oil & Energy
1M +4.2% · 3M -0.9%
Reliance Industries
Consumer & Retail
1M +0.1% · 3M -6.2%
Lenskart
Metals & Mining
1M +0.6% · 3M -7.1%
Vedanta
Prices as of 9 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Coal India, IOCL, Vedanta to BPCL: What dividends mean for the Indian stock market amid bull trend buzz? Experts decode
Reliance’s Independence Power Up biscuits get a motorsport makeover with Ajith Kumar Racing
Reliance may struggle to repeat cola disruption in biscuits: Britannia CEO
ITC, Power Grid, ONGC, Coal India, SBI Life: Nifty stocks trade near 52-week lows; what's next?
Retail investors shed stocks, but crowd into Reliance, HDFC Bank