China stocks rally as optimism grows despite rate pause

China stocks rally as optimism grows despite rate pause


Chinese stocks moved higher on Monday, with the Shanghai Composite rising 1.78% to a one-month high of 4,163 and the Shenzhen Component gaining 2.13% to 16,372, its strongest level in more than 11 years. Investors returned from the holiday break and assessed the People’s Bank of China’s decision to keep its key lending rates unchanged, with the one-year and five-year loan prime rates remaining at record-low levels.

Market sentiment remained positive as investors focused on signs of improving corporate earnings, expectations of further policy support, efforts to reduce excessive competition across industries, and growing overseas revenue contributions from Chinese companies. Despite concerns over Middle East tensions and mixed domestic economic data, buying interest strengthened across major sectors. Among the top performers were Bank of China, Kweichow Moutai, CATL, and NAURA Technology.

 

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First Published: Jun 22 2026 | 4:32 PM IST



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Recursive self-improvement explained: Is AI building AI the path to AGI?

Recursive self-improvement explained: Is AI building AI the path to AGI?


Artificial intelligence has long been described in terms of what it cannot do. It hallucinates. It forgets context. It cannot plan ahead or keep learning once its training ends. Those descriptions are becoming harder to defend. Quietly, and without a single dramatic announcement, the technology industry has been building something that challenges the premise of each one of those limitations.

 


The concept is called recursive self-improvement. At its simplest, it describes a process in which an AI system helps build a better version of itself, and that better version, in turn, helps build a still better one. Each generation improves the next. The loop, in theory, continues indefinitely.

 
 


Think of it this way. When a tech company wants to build a more capable AI model, it relies on teams of engineers to write the code, design experiments, analyse results, and decide what to try next. Every step in that process depends on human effort and human time. Recursive self-improvement is the idea that AI systems could eventually take over most of those steps themselves — generating ideas, testing them, learning from the outcomes, and using what they learn to build their own successor. Remove the humans from that loop, and progress accelerates in ways that are genuinely difficult to predict.


That fully autonomous version does not exist, yet. No AI system today can design and build its own successor without significant human involvement. But many of the building blocks are already in place, embedded quietly inside the development pipelines of the world’s largest AI companies. The distance between where things stand now and where recursive self-improvement becomes a meaningful description of what is happening is closing faster than most observers expected.


The numbers from inside Anthropic


The clearest public account of how far this process has progressed comes from Anthropic, the AI company behind the Claude family of models, including Mythos and Fable that have been making headlines recently. In early June, the company published a detailed account of its own internal data, and the figures are difficult to ignore.

 


As of May 2026, more than 80 per cent of the code merged into Anthropic’s production systems was written by Claude, its own AI. Before Claude Code, Anthropic’s software engineering agent, launched in February 2025, that figure was in the low single digits. In roughly 15 months, the company went from humans writing almost all of their own code to AI writing most of it.

 


The productivity shift that followed is considerable. Engineers at Anthropic are now merging roughly eight times as much code per day as they were in 2024. An internal survey of 130 employees found that the typical respondent estimated producing around four times as much output with AI assistance as they would have without it. Anthropic notes that these figures likely overstate the true gain — writing more code is not the same as writing better code — but adds that the direction of the trend is not in question.

 


What matters beyond the productivity numbers, though, is what the code is actually being used for. When AI-written code becomes part of the systems used to train, evaluate, or improve future AI models, something important happens. The AI is no longer simply a product being developed by humans. It is helping shape the conditions that will govern its own future development. That is the feedback loop at the heart of recursive self-improvement, and it is already running at Anthropic.


The research loop is beginning to close too. Anthropic published the first demonstration of Claude running an open-ended research project from start to finish. AI agents were given an unsolved problem in AI safety — broadly, whether a weaker model could reliably supervise a stronger one — and left to work on it. Two human researchers, given roughly a week, made modest progress. The agents, running over 800 cumulative hours, came close to solving it entirely. Humans set the problem and defined what a good answer would look like. Within those boundaries, the agents designed every experiment themselves.


What Google DeepMind’s chief thinks is missing


To understand what separates today’s systems from genuine recursive self-improvement, it helps to look at where the barriers actually lie. Demis Hassabis, chief executive of Google DeepMind, spoke about it at Davos earlier this year in an interview with Axios.

 


Hassabis traced the concept back to DeepMind’s own work with AlphaGo and AlphaZero, which demonstrated that self-improvement could work with extraordinary speed when confined to a clearly defined domain. AlphaZero, given only the rules of chess, reached master level by midday on its first day of training and world-champion level by evening. “It’s quite extraordinary to see something like that improvement curve in real time,” he said.

 


The difficulty is that the real world is not a chess board. “The real world’s way messier, way more complicated than a game,” Hassabis told Axios. For AI to meaningfully improve itself in useful domains, two problems need to be solved first.

 


The first is what researchers call a world model. In a game, the rules are fixed and every consequence is predictable. A system can simulate a position thirty moves ahead because it knows exactly how one state leads to the next. The real world offers no such clarity. If you want an AI to plan a route across a city, for instance, it needs to reason across multiple levels of uncertainty — traffic, weather, obstacles, other people’s behaviour — and make decisions whose consequences may be difficult or impossible to reverse. Without a reliable internal model of how the world works, planning of that kind remains out of reach.

 


The second problem is verification. Even if a system generates a potentially better solution, it needs a reliable way to confirm that the solution is actually an improvement. In coding, that is tractable — the software either runs or it does not. In mathematics, a proof is correct or it is not. “That’s the thing about games, maths and coding,” Hassabis said. “When the system proposes an idea or a move or a conjecture, you can validate it.” In most real-world situations, success is far harder to measure. There is no immediate, objective signal that tells the system whether it has done well.

 


These two gaps help explain why self-improving behaviour is advancing rapidly in software development and research, where outcomes can be measured precisely, while remaining limited in almost every other domain.

 


Hassabis puts AGI, the point at which AI systems can perform any intellectual task a human can at human level or above, five to ten years out. “It’s not a theoretical construct anymore,” he said. The practical questions around how these systems behave are no longer hypothetical.


Where the loop is already closing


While Anthropic’s data offers the clearest window into how far this process has progressed inside a single lab, other companies are approaching the same problem from different directions.

 


Google DeepMind’s AlphaEvolve, announced last year, uses AI to guide the discovery of new algorithms across domains including neural network design, data centre scheduling, and chip design. It is not a fully autonomous loop — humans still define the problems and decide how to evaluate the results — but its outputs feed directly into the systems used to generate further breakthroughs. Matej Balog, a computer scientist at Google DeepMind who worked on AlphaEvolve, described the dynamic as genuinely collaborative in an account published by IEEE Spectrum in May 2026. “Often you look at what the system discovers, and you actually learn from that discovery,” he said.

 


A startup called Ricursive Intelligence, founded by the co-leads of DeepMind’s earlier chip-design system AlphaChip, is working to use AI to design the chips on which better AI is trained. The ambition is to compress a chip design cycle that currently takes one to two years down to days. A later phase of the project would close a particularly literal version of the loop — AI-designed chips training better AI models.

 


Researchers at the University of British Columbia and Sakana AI have developed systems called Darwin Godel Machines, which use evolutionary algorithms to improve AI coding agents. These agents can alter their own code and become progressively better at doing so. A newer version can even modify the mechanisms by which it improves itself. The same group produced the AI Scientist, reported in Nature in March 2026, which can generate research ideas, run experiments, write up results as papers, and then review those papers — a miniature version of the full scientific process running inside a single system.

 


Perplexity has taken a narrower but revealing angle with Brain, a self-improving memory system launched recently. Rather than improving the underlying model, Brain builds a record of what an AI agent has done, what worked, and what did not, then uses that record to make the agent more effective over time. Early results show a 25 per cent improvement in answer correctness on familiar tasks and a 13 per cent reduction in the cost of tasks requiring historical context. It is a modest version of the feedback loop, but it is a feedback loop nonetheless.


The case for limits


Not everyone sees the flywheel spinning toward a smooth takeoff. There are researchers who believe the barriers ahead are more stubborn than the current momentum suggests.

 


Cited in a report by IEEE Spectrum, Nathan Lambert of the Allen Institute for AI has argued for what he calls lossy self-improvement — a version of RSI in which friction accumulates rather than diminishes as systems grow more capable. Large frontier models are becoming more complex, not simpler, and the job of managing that complexity still falls to humans in ways that are difficult to automate. Training a top-tier model costs billions of dollars. No organisation is going to hand that budget to an AI system and trust the outcome without extensive human oversight at every step.

 


Dean Ball of the Foundation for American Innovation makes a point that cuts against the intelligence explosion narrative more directly. As per the report, he argues that a genuine recursive self-improvement would require far more than better software. It would need physical infrastructure — data centres, power plants, supply chains. It would need the kind of knowledge that does not live in any single place. The capabilities of a company like TSMC, which manufactures the chips on which frontier models are trained, emerge from the collective intelligence of its 90,000 employees. That cannot simply be absorbed into a model.

 


There is also the question of what AI systems are still genuinely bad at. Jeff Clune of the University of British Columbia, who helped build both Darwin Godel Machines and the AI Scientist, believes recursive self-improvement is close, and has said so publicly. But even he acknowledges that the components are not yet working well enough to compound reliably. “All of the key pieces work OK but not great,” he told IEEE Spectrum. Generating ideas, implementing them, and judging whether they represent progress are three distinct capabilities, and the gap between doing each adequately and doing all three well enough to sustain a self-improving loop is not trivial.

 


Anthropic itself offers a concrete illustration of where the friction shows up in practice. As AI has begun producing more code faster, human code review has become a new bottleneck, something the company acknowledges in its own June 2026 account. The rate at which engineers can read, understand, and approve what the AI generates has not kept pace with the rate at which the AI generates it. Amdahl’s law, a principle from computing that says overall speed is capped by whatever part of the process has not been accelerated, applies here. Speeding up one part of a system often just moves the constraint somewhere else.


Can this lead to AGI?


The question that underlies all of this is whether recursive self-improvement is the path to artificial general intelligence. The connection is more direct than it might first appear. AGI, in the way most researchers define it, describes a system capable of performing any intellectual task a human can perform, at human level or above. The reason recursive self-improvement matters to that definition is that it removes the ceiling. A system that can improve itself is not constrained by how capable its human builders are, or how quickly they can work. Each iteration potentially produces a more capable system than any human team could have designed on its own.

 


That is the theory. The short answer to whether it will play out that way is that nobody knows. But the people building these systems are taking the possibility seriously enough to change how they operate.

 


Anthropic’s own account lays out three possible futures. In the first, the current trajectories flatten and the capabilities of today’s models become widely diffused without a qualitative leap — a productivity revolution, but not a fundamental shift in who or what is driving progress. In the second, AI development becomes substantially automated but humans continue to set research directions and judge results. A hundred-person company does the work of ten thousand. Knowledge work is transformed. But humans remain in meaningful control. In the third, AI systems become capable of designing their own successors without meaningful human involvement, closing the loop entirely.

 


Anthropic says the evidence points most clearly toward the second scenario. But the company also notes, carefully, that the early signals on improving research judgment suggest the third is not structurally out of reach. The pattern is one the industry has seen before. AI systems fail at a capability for a long time, then become competent, then sometimes exceed human performance. Research taste, the ability to know which problems are worth working on and which results to trust, has long been considered the last thing AI would crack. It is starting to look like just another capability on the list.

 


Jack Clark, Anthropic co-founder, has put a 60 per cent probability on an AI system being capable of building its own successor with no human involvement by the end of 2028.

 


It is partly that assessment — and others like it circulating inside frontier labs — that led Anthropic to make an unusual public statement alongside its research publication. The company said it would be good for the world to have the option to slow or temporarily pause frontier AI development, to give safety research and societal institutions time to catch up.

 


The Economist noted the surface-level irony of a company at the peak of the market calling for the world to have the option to slow or temporarily pause AI development.

 


Anthropic’s response is that a credible pause would require global coordination, verification mechanisms, and participation from multiple frontier labs — none of which currently exist. A unilateral pause by one lab simply changes who the front-runner is. It does not create the wider deliberative process that is currently missing.

 


Hassabis, at Davos, acknowledged the competitive dynamics plainly. “It’s ferocious, the competition. I don’t think there’s anything been like it.” But he also drew a line. “We’ve got to all remember that there’s a bigger picture at stake — safety overall and stewarding AGI safely into the world for the benefit of everyone.” Whether the institutions capable of realising that priority are being built fast enough is the question on which very little agreement currently exists. “I don’t think we’re ready,” he said.

 


The feedback loops are already forming. The question, as Anthropic put it, is no longer whether self-improving AI is possible. It is how far these early forms can evolve before the remaining barriers begin to fall.



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China stocks rally as optimism grows despite rate pause

Brahmaputra Infra rises after emerging L1 bidder for Rs 70-cr MoRTH contract


Brahmaputra Infrastructure rose 2.28% to Rs 163.95 after emerging as the L1 bidder for a Rs 70.18 crore road maintenance contract from the Ministry of Road Transport & Highways (MoRTH) in Mizoram.

The contract involves operation and maintenance of NH-502A from Km 0.000 to Km 87.180, including monsoon maintenance, and is scheduled to be executed over a period of 60 months. The company said the project will strengthen its presence in the strategically important India-Myanmar border region and position it for future infrastructure opportunities in the Northeast.

Brahmaputra Infrastructure is engaged in the EPC and real estate development business, with operations spanning the construction of bridges, flyovers, highways, airports, buildings, tunnels, and mining projects. On a consolidated basis, Brahmaputra Infrastructure’s net profit declined 33.42% to Rs 14.78 crore, while net sales fell 11.07% to Rs 91.69 crore in Q4 FY26 as compared with Q4 FY25.

 

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First Published: Jun 22 2026 | 4:05 PM IST



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Call screening to in-call agent: Can voice be AI's next growth frontier?

Call screening to in-call agent: Can voice be AI's next growth frontier?



For years, the phone call remained one of the few corners of the digital world untouched by artificial intelligence. AI transformed search engines, powered chatbots, wrote emails and generated images. However, when it came to voice conversations, the experience was still largely the same: one person speaking to another. That is beginning to change.

 

At Reliance Industries’ 49th Annual General Meeting (AGM), Jio unveiled Jio Call Agent, an AI-powered assistant that can join live calls, transcribe conversations, generate summaries, set reminders and even perform tasks on behalf of users, bringing AI directly into the conversation itself.

 


The launch reflects a much larger shift underway across the technology industry. As AI tools become more capable, companies are increasingly turning to voice as the next major frontier, betting that conversations could become as important to AI adoption as search boxes and chat windows were over the past decade.

 
 


Businesses see opportunities to cut costs and improve efficiency, while consumers are being introduced to a future where phone calls may no longer involve just two people.

 


What is Jio Call Agent and how does it work?

 

At Reliance Industries‘ 49th AGM, Reliance Jio unveiled Jio Call Agent, an AI-powered assistant designed to work within live phone conversations. Activated with the voice command “Hey Jio”, the assistant can transcribe calls, identify speakers, generate summaries, create reminders and perform tasks without requiring users to switch apps or leave the call.

 


Built directly into the calling experience, the assistant remains available throughout a conversation and operates with user consent, according to the company. Its core function is to capture and organise information by generating transcripts, highlighting key discussion points, and creating post-call summaries and action items.

 


Jio has also equipped the service with conference-calling capabilities. The assistant can identify up to 10 participants, generate speaker-wise transcripts, and even add missing participants to an ongoing call. The company says the service will support 22 Indian languages.

 


Beyond note-taking, Jio envisions the assistant as a voice-based task manager. Users may be able to schedule meetings, set reminders, book cabs, reserve restaurant tables or place orders without interrupting a conversation. The service is expected to launch later this year.

 


Its success, however, will depend on how well it performs in real-world conditions. Handling regional accents, background noise, overlapping speech and multilingual conversations remains a challenge for even the most advanced AI voice systems.

 


Can voice becoming AI’s next frontier

 


After transforming search, productivity software and customer support, AI companies are now turning their attention to voice.

 


According to market research firm Precedence Research, the global voice and language intelligence market was valued at more than $20 billion in 2025 and is projected to exceed $145 billion by 2035. The growth is being driven by advances in speech recognition, natural language processing and increasingly capable AI voice agents.

 


Meanwhile, voice AI platform Ringly reported that voice-agent usage grew ninefold in 2025, with production deployments increasing by 340 per cent, a sign that businesses are moving beyond pilot projects and deploying AI voice systems in real-world operations.

 


The logic behind voice AI is compelling.

 


For consumers, speaking is often quicker and more intuitive than navigating apps or typing queries. For businesses, it offers an opportunity to handle large volumes of interactions without proportionately increasing costs.

 


What is the business case behind AI-powered calls

 


The strongest push for voice AI is coming from enterprises managing large volumes of customer interactions, including banks, telecom operators, insurers, airlines and ecommerce companies that collectively field millions of calls daily. Staffing those interactions entirely with human agents is expensive and difficult to scale.

 


According to Ringly’s benchmarking data, handling an inbound customer call through a human agent costs between $7 and $12. It suggests the same interaction can be handled by an AI voice agent for roughly $0.40, highlighting the significant cost savings driving enterprise adoption of voice AI.

 


Research firm Gartner estimates that conversational AI could reduce contact-centre labour costs by up to $80 billion globally by 2026. Meanwhile, studies by Forrester Consulting suggest that companies deploying AI-powered voice systems are seeing tangible returns through faster issue resolution, lower operational costs and round-the-clock customer support.

 


Unlike human agents, AI systems do not need breaks, shifts or additional hiring during peak demand periods. They can handle routine queries at any hour while maintaining consistent responses across interactions.

 


That combination of lower costs and higher availability explains why voice AI adoption is accelerating across industries.

 


Why are telecom and banking leading adoption

 


Telecom and financial-services companies are among the earliest adopters of voice AI for practical reasons. First, they deal with enormous call volumes. India’s telecom sector serves more than a billion mobile subscribers, generating millions of customer-support interactions daily. AI-powered voice assistants can handle routine requests such as bill payments, recharge reminders, account enquiries and service updates.

 


Second, these sectors operate under strict regulatory requirements. Every customer interaction must often be recorded, documented and auditable. AI systems can provide consistent responses while maintaining detailed logs of conversations and actions.

 


Third, voice remains the most accessible digital interface for many users. While smartphone adoption has expanded rapidly across India, digital literacy levels vary considerably. Speaking in a local language is often easier than navigating an app or website.

 


This is why multilingual voice AI is gaining traction among telecom operators, banks, insurers and public-service platforms.

 


Do consumers still prefer human agents

 


Businesses may be enthusiastic about voice AI, but consumers remain more cautious.

 


A study by AnswerConnect found that preference for speaking with a human agent increased between late 2025 and early 2026, while willingness to interact with AI declined. Similarly, research by Metrigy found that a large majority of consumers still prefer dealing with a person even when an AI system can successfully resolve their issue.

 


The reasons are relatively straightforward. People trust humans more when dealing with complex, sensitive or emotionally charged situations. Complaints, billing disputes, financial issues and service failures often require empathy, judgement and flexibility — qualities consumers still associate more strongly with people than machines.

 


That does not mean consumers reject AI altogether. Many are comfortable using AI for routine tasks such as appointment scheduling, order tracking, status updates and basic information requests.

The dividing line appears to be complexity. The more personal or nuanced the issue, the more likely people are to want a human on the other end of the call. 

 


Why is trust becoming a major challenge for voice AI

 


The trust challenge around AI-powered voice calls is no longer theoretical. As AI-generated voices become more realistic and easier to deploy at scale, regulators in India and globally are grappling with a fundamental question: How do people know whether they are speaking to a human or a machine?

 


The urgency is amplified by the scale of the problem. According to the 2025 India Insights Report, Indian mobile users received more than 4,168 crore spam calls over the past year. AI adds a new layer of complexity by enabling highly scalable robocalls, realistic voice cloning and increasingly sophisticated fraud attempts.

 


India’s regulatory framework is evolving in response. In 2025, the Telecom Regulatory Authority of India (TRAI) strengthened anti-spam regulations by tightening rules for telemarketers, extending complaint windows, and requiring greater oversight of robocalls and automated dialling systems.

 


The regulator has also introduced dedicated number series for transactional and service-related calls from banks and financial institutions, as well as promotional calls, making it easier for consumers to distinguish legitimate service calls from promotional or potentially fraudulent ones.

 


However, a key challenge remains unresolved. While these measures help verify the origin of a call, they do not necessarily tell consumers whether the voice on the other end belongs to a human agent or an AI system.

 


To address this gap, India’s emerging AI governance framework places increasing emphasis on transparency, disclosure and informed consent when AI interacts directly with consumers.

 


Globally, regulators are moving in the same direction. The European Union’s AI Act, which becomes enforceable from August 2026, requires organisations to clearly disclose when users are interacting with AI systems.

 


The principle is straightforward: people should know they are speaking to a machine before sharing information or making decisions.

 


For businesses deploying AI voice agents, compliance is becoming a product requirement rather than a legal afterthought. The ability to clearly identify AI interactions, obtain consent and explain how voice data is used may ultimately prove as important as the technology itself.

 


As AI becomes a participant in more conversations, transparency could become the foundation on which consumer trust is built.

 


How has AI already entered phone calls

 


Jio Call Agent may be among the most ambitious attempts yet to bring AI into live conversations, but the technology has already been quietly making its way into phone calls.

 


Over the past few years, smartphone makers and service providers have introduced AI-powered features that help users screen, summarise and manage calls.

 


On Android, Google’s Call Screen can answer unknown calls on a user’s behalf, ask callers why they are calling, and display a real-time transcript before the user decides whether to pick up. Google has also expanded its call-related AI toolkit with features such as Call Notes, which automatically generate conversation summaries, and Scam Detection, which alerts users to potential fraud attempts.

 


Apple is taking a similar approach. With iOS 26, the company introduced features such as Call Screening and Hold Assist, allowing users to view AI-generated transcripts of incoming callers and avoid waiting on hold.

 


Together, these tools reflect a broader shift towards AI handling routine communication tasks in the background.

 


Beyond smartphones, AI voice technology has already become commonplace in customer service. Banks, telecom operators, airlines and public-service platforms increasingly rely on voice bots to answer routine queries and handle basic transactions.


Will AI replace human call agents

 


The conversation around voice AI is often framed as a contest between humans and machines. In practice, the future is likely to be far more collaborative.

 


Most organisations deploying voice AI today use it to handle routine tasks such as account enquiries, appointment scheduling and status updates, while more complex issues are routed to human agents. AI excels at speed, consistency and scale. Humans remain better equipped to navigate ambiguity, exercise judgement and respond to emotionally charged situations.

 


This division of labour is already taking shape across customer-service operations. As AI becomes more capable, it is expected to handle a growing share of repetitive interactions, freeing human agents to focus on cases that require problem-solving, empathy or negotiation.

 


Rather than replacing workers outright, the technology is increasingly being deployed as a support layer that augments human capabilities.

 


Jio Call Agent reflects a similar philosophy. The assistant is designed to assist users by capturing information, organising discussions and helping complete tasks in the background.

 


The larger question is not whether AI can participate in conversations, but whether people are willing to trust it enough to do so.

 


The future of voice AI may not be about replacing human conversations. Instead, it may be about reshaping them, with AI acting as an assistant that listens, remembers and acts when needed.

 


The technology has already entered the call. What remains uncertain is how comfortable people will be sharing the conversation with it.



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AMFI rejig: Vedanta's new stocks in focus; check potential entrants, exits

AMFI rejig: Vedanta's new stocks in focus; check potential entrants, exits


The Association of Mutual Funds in India (Amfi) is set to release its half-yearly reclassification in the first week of July, with the final categorisation taking effect from August 1, 2026. The fresh list will be valis from  August 2026 to January 2027. 

 


While the official list will serve as the reference framework for active domestic fund managers, all eyes will be on the four newly listed stocks of the Vedanta group — Vedanta Aluminium,  Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel. 

 


According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.

 
 

The other three demerged entities, Vedanta Power (₹16,091 crore), Vedanta Oil & Gas (₹13,765 crore), and Vedanta Iron & Steel (₹8,646 crore), will be categorised as smallcap companies.

 


Other than Vedanta Aluminium, the potential largecap entrants include: BSE, Vodafone Idea, Hitachi Energy India, Jindal Steel, Indian Bank, Indus Towers, Billionbrains Garage Ventures (Groww), and BHEL.

 


Hindustan Copper, NLC India, AIA Engineering, Ajanta Pharma, Aster DM Healthcare, and Sona BLW Precision Forgings could be upgraded to the midcap category in the upcoming AMFI semi-annual categorisation review, according to Nuvama.

 


The brokerage expects BCCL, Fractal Analytics, CMPDI, Clean Max Enviro, Shadowfax Tech, Amagi Media Labs, Sedemac Mechatronics, Powerica, Kwality Wall’s, Omnitech Engineering, OnEMI Technology Solutions, Aye Finance, Sai Parenteral, GSP Crop Science, Amir Chand Jagdish, PNGS Reva Diamond Jewellery, Rajputana Stainless, Innovision, Gaudium IVF and Women Health, Om Power Transmission, Shree Ram Twistex, CMR Green Tech, Hexagon Nutrition, and Shree RamTwistex. 

 


Meanwhile, Lodha Developers, Indian Hotels, Mazagon Dock Shipbuilders, Max Healthcare, LG Electronics, Dr Reddy’s, Siemens Energy India, Bosch, and Hero MotoCorp could move from the largecap to midcap category. Similarly, Kaynes Technology India, SJVN, Cholamandalam Fin Holdings, Physicswallah, Global Health, and Crisil Ltd may slip into the smallcap segment from the midcap.

 


Nuvama noted that changes in categorisation by Amfi do not trigger incremental inflows or outflows. However, active mutual fund managers closely track the list to make investment decisions.



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