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Small Caps (Market Cap typically below $2 Billion USD):

EV: Mahindra Electric Mobility (India)


Defence: Bharat Electronics (India)
Infrastructure: IRB Infrastructure Developers (India)
FMCG: Britannia Industries (India)
IT: Coforge (India)
Mid Caps (Market Cap typically between $2 Billion and $10 Billion USD):

EV: Tata Motors (India)


Defence: Bharat Forge (India)
Infrastructure: L&T Infrastructure Developers (India)
FMCG: Dabur India (India)
IT: HCL Technologies (India)
Next Nifty (Companies likely to be included in the Nifty 50 Index soon):

EV: Ather Energy (India)


Defence: Mazagon Dock Shipbuilders Ltd (India)
Infrastructure: Adani Enterprises (India)
FMCG: Godrej Consumer Products Ltd (India)
IT: Info Edge (India)
Large Caps (Market Cap typically above $10 Billion USD):

EV: (There are currently no Indian large-cap EV companies, but keep an eye on Tata
Motors' growth in this space)
Defence: Hindustan Aeronautics Limited (India)
Infrastructure: Reliance Industries (India)
FMCG: ITC Ltd (India)
IT: Tata Consultancy Services (India)

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