Jefferies swaps Aditya Birla Real Estate for Mahindra in key India portfolio

Grasim Industries

29/08/2025 07:31

** Jefferies replaces Aditya Birla Real Estate AITE.NS with automaker Mahindra & Mahindra MAHM.NS in long-only India equity portfolio rejig

** AITE is up 183% since the investment in July 1, 2021 - Christopher Wood, Jefferies' global head of equity strategy, writes in GREED & Fear report

** New 4% weighting in MAHM based on passenger vehicles market share gains on new launches, favorable SUV demand shift - referring to Jefferies' Aug 27 note

** Adds, MAHM was No. 2 auto parts maker in Q1FY26 with 15% market share, behind Maruti Suzuki MRTI.NS

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))