Jefferies hikes investment in Reliance, Zomato in its key equity portfolios

Lodha Developers

28/03/2025 05:59

** Jefferies hikes investment in Reliance Industries RELI.NS in India long-only portfolio by 2 pct pts, offset by cuts in HDFC Bank HDBK.NS and SBI SBI.NS

** Jefferies removes Godrej Properties GODR.NS from Asia ex-Japan long-only portfolio in favour of Macrotech MACE.NS (increase) and DLF DLF.NS (inclusion)

** Also hikes investment in Eternal ZOMT.NS (Zomato) in Asia-long portfolio

** Overall, India's weightage in the Asia portfolio is 18%, 2nd-highest after China's 33%

** Jefferies cautions global markets must contend with higher U.S. tariffs given skewed differentials, noting India's avg 17% tariffs in 2023 was higher than all other countries

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))