New Delhi, July 8 -- The Association of Mutual Funds in India's (Amfi) latest semi-annual market-cap reclassification has reshaped the standings of several stocks.

While 19 stocks earned promotions-10 midcaps graduated to the largecaps category and nine smallcaps to midcaps-23 underperformers felt the sting of downgrades.

Amfi's latest reshuffle, based on average market capitalization between January and June, highlights India's evolving market landscape, where sectors like hospitality, healthcare, and defence are gaining investor favour even as automobile, energy, and information technology stocks slip down the ranks.

The reclassification arrives as global markets endure a bumpy ride, chiefly because of global trade tensions triggered...