Exactly…Categorising different companies under some business group doesnt serve much useful purpose.
Rather i would request to categorise companies of same sectoral groups as per their market capital like
In case of Banking
Large cap are HDFC bank, ICICI bank, kotak
Midcap may be some other psu and smaller banks
Smallcap may be small banking companies …
Etc…This will give an elementary idea of different sectors and companies falling under that sectors and will be useful for investors who are constructing their portfolios or those who want to reconstruct the portfolio.
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