Nuvama Institutional Equities expects AMFI’s H2 CY26 categorisation to be reshuffled as market-cap thresholds change. Some stocks currently tagged as largecaps, including Mazagon Dock, could be moved into midcaps, while midcaps may drift toward smallcap status. The shift highlights how valuation swings can rapidly alter India’s equity segmentation.
Germany’s Defence Minister Boris Pistorius says the country expects to finalize an $8 billion submarine cooperation agreement with India within the next three months. The project is led by German warship maker TKMS and India’s Mazagon Dock Shipbuilders. Negotiations have been underway for several months, with both sides now moving toward signing the pact.
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