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MUMBAI: Jefferies’ global head of equity strategy Christopher Wood has launched an India long-only equity portfolio of 16 stocks which includes blue-chip stocks such as HDFC, ICICI Bank, , , Bajaj Finance and Maruti Suzuki (India).
Other stocks that are part of this India long-only portfolio include Tata Steel, Jubilant FoodWorks, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, , Godrej Properties, Century Textiles, TVS Motor and Container Corporation of India. About 40% of the weightage has been given to financials, 20% to energy and 17% to real estate. Wood said it is not a perfect time to start an Indian portfolio since the Sensex is near an all-time high.
Wood said he remains convinced that India is at the start of a new housing cycle after a seven-year downturn.
The new portfolio will be domestic demand-focused but also have an exposure to energy stocks to hedge the risk of higher oil price on Indian financials and other interest rate-sensitive sectors.
Other stocks that are part of this India long-only portfolio include Tata Steel, Jubilant FoodWorks, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, , Godrej Properties, Century Textiles, TVS Motor and Container Corporation of India. About 40% of the weightage has been given to financials, 20% to energy and 17% to real estate. Wood said it is not a perfect time to start an Indian portfolio since the Sensex is near an all-time high.
Wood said he remains convinced that India is at the start of a new housing cycle after a seven-year downturn.
Did you Know?
Stock score of Reliance Industries Ltd moved down by 1 in a week on a 10-point scale.
View Latest Stock Report »The new portfolio will be domestic demand-focused but also have an exposure to energy stocks to hedge the risk of higher oil price on Indian financials and other interest rate-sensitive sectors.
( Originally published on Jul 02, 2021 )
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