BSE to Shift Cholamandalam, Pfizer to Group A Category

New Delhi: BSE will shift scrips of five firms including Cholamandalam Investment & Finance Company and Pfizer to Group A category, comprising top 300 companies, from January 4.

The other companies that will be transferred to Group A are Kansai Nerolac Paints Ltd, Repco Home Finance Ltd and Blue Dart Express Ltd.

As part of the periodic review, the stock exchange will transfer scrips of these five companies from 'Group B' to 'Group A' with effect from January 4, 2016, the exchange said in a circular. 

Additionally, three companies - Kailash Auto Finance, PMC Fincorp and Gitanjali Gems - will be shifted to 'Group B' segment from 'Group A'.

BSE has classified equity scrips into categories such as Group A, Group B, Group T, among others, to provide a guidance to investors.

Group A is the most tracked segment consisting of about 300 scrips, while Group B consists of more than 3,000 stocks. 

The classification is based on several factors, including market capitalisation, trading volumes and numbers, track records, profits, dividends, shareholding patterns and some qualitative aspects.