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Average Market cap Growth – Highlights:

* Total Average Market cap for the period Jul-Dec 2024 stood at Rs. 460.6 lakh crs, a new high, up 16% from previous block of 6 months, Jan-Jun ‘24.

* This period marked yet another instance when Mid-Small cap curves grew higher than Largecaps.

* Market cap of Smallcaps grew by 27.2% ; Midcaps were up by 22.2% ; Largecaps were up 11%.

* Among the Largecap set, companies in 51 to 100 cluster grew higher at 14.9%, followed by Companies in 31 to 50 cluster which was up 13.2%. Top-10 companies grew by 10%.

* Among the Midcap-150 set, top-50 grew higher at 24.9%.

* In the Smallcap space, that is 251st company & onwards, most clusters had grown during the 6 months period. The set between 751 and above cos, grew higher.

Market Cap Thresholds:

* The thresholds have evolved & expanded significantly over the past years.

* The threshold point for Largecap now stands at Rs.100119 crs, up 18.7% in the past 6 mths ; up 49% YoY ; up 110% in 3 Yrs.

* Midcap entry point stood at around Rs.33221 crs, up 20.5% in 6M ; up 51% YoY ; up 106% over 3 yrs.

* In Smallcaps, the 250th cos’ market cap or 500th company of the listed universe stood at Rs.11338 crs, up 23.4% in 6 mths ; up 55% YoY ; up 153% in 3 yrs.

* 750th Co’s market cap now stands at around 5308 crs, up 59.5% YoY and 1000th Company at 2717 crs, up 58% YoY.

Average Market cap Weights – Highlights:

* Largecap’s weight in the Total market cap further declined during the period Jul-Dec ‘24 to 60.9% from around 63.6% in the previous 6M and 64.4% from a year ago.

* Midcaps’ market cap share expanded to 19.2% from 18.2% in the previous 6M.

* Top-250 Smallcaps Market cap share in the Total Market cap grew to 10.6% from 9.8% in the prev. 6M.

* Microcap companies’ market cap share (ranking 501 to 750), increased to 4.4%, from 4% 6M ago.

* Overall Smallcaps’ market cap weight grew to 19.9% from 18.2% in the last 6M reading.

* While it should be noted that, Total Market Cap in respective cap curves is also due to issues coming to public and new listings.

* In comparison, to the 3 year averages of the market cap curves, Largecaps are generally seen at a discount. Others appear to be at a premium going by the past Market Cap Spreads.

Overall Highlights:

* Category Elevations: 7 Midcaps became Largecaps ; 4 Smallcaps became Midcaps.

* Category Declines: 11 Largecaps declined to Midcaps ; 12 Midcaps declined to Smallcaps.

* 4 IPOs entered Largecap category ; 5 in Midcap category and others in Smallcaps.

* An estimated Rs 10.68 lakh crs were added to the market cap through 65+ IPOs. o 46.3% Largecaps ; 24% Midcaps ; 29.6% Smallcaps. Atleast 45+ issues were in Microcap segment (mkt cap rank above 500), rising Rs 1.22 Lk Crs or 11.4%.

* Around 8 cos is estimated to have got migrated from SME to Main Board in NSE & BSE, cumulatively adding a market cap of nearly Rs 4866 crs, all in Smallcap category.

Market Cap Elevations:

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