New Delhi, Sept. 17 -- Twice a year, the Association of Mutual Funds in India (Amfi) redraws the market map based on six-month market capitalization, deciding which companies qualify as largecap, midcap, or smallcap. Come January, that map could look very different, with marquee names set to climb the ladder and several established giants facing demotion.

According to Nuvama Alternative and Quantitative Research, eight companies are poised to graduate from the midcap basket into the largecap universe, even with the criteria getting tougher.

"The threshold for entry into the elite club is climbing higher. Based on the latest two-and-a-half-month average market capitalization, the largecap cut-off is estimated at about Rs.1 trillion, up f...