Broker call▲ Bullish for Reliance Industries
Jefferies raises Reliance weight and adds Kotak Mahindra Bank, Welspun Corp
The brief
- Jefferies increased Reliance Industries’ weight in its model portfolio
- Kotak Mahindra Bank and Welspun Corp were new inclusions
- The portfolio changes may influence sentiment toward Reliance, Kotak Mahindra Bank and Welspun Corp
Jefferies' model portfolio changes
Jefferies raised Reliance Industries’ weight in its model portfolio and added Kotak Mahindra Bank and Welspun Corp. It said it was favouring largecaps as rising bond yields pressured Indian equities.
Tuesday, 6 October
- Jefferies raises Reliance weight and adds Kotak Mahindra Bank, Welspun Corp