Jefferies removes Reliance, Axis Bank from India long-only portfolio; adds 3 stocks

Sbi Life Insurance

19/09/2025 07:44

** Jefferies removes Reliance Industries RELI.NS and Axis Bank AXBK.NS from its India long-only portfolio

** Adds Ambuja Cements ABUJ.NS, Ixigo LETR.NS and Lemon Tree Hotels with 4 percentage points weight

** RELI and AXBK down 0.6% and 0.2%, respectively, on the day; LETR and LEMO rise 2.4% and 1.2%, respectively

** Jefferies reduces weight of ICICI Bank ICBK.NS, JSW Energy JSWE.NS and REC RECM.NS each by 1 percentage point

** ICBK down 1.25%, JSWE and RECM up 1.7% and 0.6% respectively

** SBI Life Insurance SBIL.NS and Adani Ports APSE.NS have the highest weighting of 6% each in GREED & Fear's India long-only portfolio

Sectoral weightage and stocks in Jefferies' India long-only portfolio https://reut.rs/4ms1Hn4

 (Reporting by Vivek Kumar M and Bharath Rajeswaran)

 ((VivekKumar.M@thomsonreuters.com;))