At Value Research, our methodology of categorising a company as large, mid or small cap on the basis of market capitalisation is not fixed. It is based on relative market cap, which changes with the market movement. This means that when the overall market rises, the cutoff also rises. This also means that a company moving at the same pace as the market's will remain at the same rank in terms of being a large, mid or small cap. Therefore, for a company to m