Jefferies’ Chris Wood Bullish On HDFC Bank, Will Cut Stake In These 4 Indian Stocks In Asia Long Portfolio
Global investment firm Jefferies has announced a series of strategic adjustments to its long-only equity portfolios across Asia and global markets, excluding Japan. The changes hints a rebalancing of key holdings as the firm positions for the year ahead.
Jefferies turns positive on HDFC Bank; reveals 22 stocks of its India long-only equity portfolio
Jefferies’ India long-only equity portfolio includes 22 stocks across various sectors. Notable stocks are ICICI Bank, HDFC Bank, and Reliance Industries. Jefferies expects a 10% rise in the Nifty 50 by 2025 and has readjusted its Asia ex-Japan portfolio,
HDFC Bank shares are back in Chris Wood's Asia ex-Japan portfolio at the expense of these stocks
Chris Wood will also introduce an investment in Siemens India Ltd. as part of the Asia ex-Japan long-only portfolio with a 4% weightage and that will be done by removing the investment in the preference shares of Samsung Electronics and trimming his investment in SK Hynix by one percentage point.
Chris Wood's love for HDFC Bank rekindles at the cost of 4 other stocks
Jefferies' Chris Wood has re-added HDFC Bank and introduced Siemens India to their Asia ex-Japan portfolio. Investments in Macrotech Developers, L&T, ICICI Bank, Axis Bank, Samsung Electronics, and SK Hynix were adjusted.
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