Jefferies’ Chris Wood trims 4 stocks to bring back HDFC Bank

Global investment firm Jefferies will bring HDFC Bank back into its Asia ex-Japan long-only portfolio with a 4% weightage, as part of its year-end portfolio adjustments. These will be paid off by reducing 1 percentage point each in Macrotech Developers, Larsen & Toubro, ICICI Bank, and Axis Bank, according to the latest Greed and Fear report. 

Also ReadNifty to repeat historical trends, possibility of low volumes and lacklustre moves, says Geojit Financial

Jefferies will also introduce a 4% allocation to Siemens, by removing the investment in Samsung Electronics Pref and shaving the investment in SK Hynix by 1 percentage point from the Asia portfolio.

The Asia ex-Japan long-only equity portfolio includes names such as Zomato, State Bank of India (SBI) and SBI Life, Godrej Properties, Macrotech Developers, GMR Airports Infrastructure, and ICICI Bank, Larsen & Toubro, and JSW Energy. 

Also Read Stocks To Watch: Adani Enterprises, Bata India, Hindalco, SpiceJet, Lupin, DBS Bank, Reliance Industries Global action at this hour – Here are top 5 global cues to watch ahead of market opening Stocks To Watch: Adani Enterprises, Sansera Engineering, NTPC, Kalyani Investment, BEL, Waaree Energies, MMTC Why are markets falling today? Here are 4 reasons that’s worrying investors

Chris Wood, global head of equity strategy at Jefferies, has said: “As for the India long-only portfolio, an investment in Siemens will be introduced with a 4% weighting by removing the investment in AU Small Finance Bank.” 

“The investment in HDFC Bank will also be increased by 1 percentage point by shaving the investment in Axis Bank.”

Also ReadBSE PSU Index: Charting out challenges and opportunities in 2025 after a volatile 2024

The India long-only equity portfolio includes Reliance Industries, Coal India, Aditya Birla Real Estate, DLF Macrotech Developers, Thermax, MakeMyTrip, and Adani Ports & Special Economic Zone—apart from most from the Asia ex-Japan portfolio.

 » Read More

Related Articles

FMCG firms seek separate law for beauty products

Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of

Amazon eyes spinoff and local listing Valuation may get impacted due to ongoing CCI probe

E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report

Promoter group to hike stake to 33.47% in SpiceJet 

Budget carrier SpiceJet on Monday announced that its founder and promoter, Ajay Singh, through Spice Healthcare, a promoter group entity, will infuse `294.09 crore into the airline. This would be done through the conversion of 131.4 million warrants into an equal number of equity shares. This strategic move will increase the consolidated shareholding of the

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

FMCG firms seek separate law for beauty products

Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of

Amazon eyes spinoff and local listing Valuation may get impacted due to ongoing CCI probe

E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report

Promoter group to hike stake to 33.47% in SpiceJet 

Budget carrier SpiceJet on Monday announced that its founder and promoter, Ajay Singh, through Spice Healthcare, a promoter group entity, will infuse `294.09 crore into the airline. This would be done through the conversion of 131.4 million warrants into an equal number of equity shares. This strategic move will increase the consolidated shareholding of the

After Blinkit, Zepto to deliver Apple products

Quick commerce platform Zepto will start selling Apple products, including the latest iPhone 16e, on its platform this week, according to people with direct knowledge of the development. The assortment will have iPads, Apple Watches and AirPods, among other accessories.  This comes just two weeks after its rival Blinkit announced it would start delivering other

Tata Motors, Motherson to be hit by Trump tariff, says Moody’s

The planned imposition of the claimed reciprocal tariffs on imports by the Donald Trump administration will impact Tata Motors and Samvardhana Motherson International (SAMIL), research and rating agency Moody’s said on Monday. Vehicle exports to the US are limited at around 3% of total exports for India. However, auto parts suppliers and luxury carmakers selling