Jefferies adds India's L&T in global portfolio, JSW Energy in Asia portfolio

AU Small Finance Bank

24/11/2023 07:37

** Jefferies adds Indian engineering and infrastructure co
Larsen & Toubro  LART.NS  into its global long-only equity
portfolio, says Chris Wood, head of global equity strategy at
the brokerage
    ** Addition of LART will be at the expense of Chinese
e-commerce co Alibaba  9988.HK , says Wood, in his weekly GREED
& fear report
    ** Also removes Alibaba, Prudential, and Bajaj Finance
 BJFN.NS  from Asia ex-Japan long-only portfolio; allocates 4%
weight to JSW Energy  JSWE.NS  
    ** Brokerage raises investments in JSWE, AU Small Finance
Bank  AUFI.NS , and LART by one percentage point each in its
India long-only portfolio 
    ** Trims weight by one percentage point in BJFN, Oil &
Natural Gas Corp  ONGC.NS , and Reliance Industries  RELI.NS  in
India portfolio
    ** Says India's key macro worries including higher U.S.
Treasury yields, volatility in crude prices have subsided

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Indian stocks in Jefferies global long-only portfolio    https://tmsnrt.rs/418pL5D
Indian stocks in Jefferies Asia ex-Japan long-only portfolio   
https://tmsnrt.rs/3usu6UX
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))