Jefferies Bets on Select India Stocks

  Published 8 months ago

Jefferies sees limited value in Indian equities outside financials; adds Belrise, Sagility, and Adani Energy to model portfolio.

  • Indian market valuations high at 23.3x PE, 26.4x excluding financials; stock picking key amid sideways movement.
  • Belrise replaces Eicher Motors; Sagility added by cutting Infosys; Adani Energy replaces Nuvama amid regulatory impact.
  • BELR up 2.1%; SAGL and ADAI down 1.5% and 1%; focus shifts to fundamentals-driven, selective exposure.
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