How Budget, RBI policy made Jefferies change its India stock portfolio

How Budget, RBI policy made Jefferies change its India stock portfolio

NEW DELHI: Following changes made in the Union Budget last week and RBI policy on Wednesday, global brokerage firm Jefferies has reshuffled its India model portfolio to add and Cholamandalam Finance by removing . “Our finance team is now incrementally positive on non-bank lenders as the rate hike cycle nears its end,” Jefferies’ Mahesh Nandurkar … Read more

Bandhan Bank stock re-rating candidate, can rally up to 40%: Jefferies

Bandhan Bank stock re-rating candidate, can rally up to 40%: Jefferies

NEW DELHI: Following signs of improvement in ‘s asset quality in the December quarter, Jefferies said shares of the Kolkata-based private lender could re-rate as the valuations are now attractive. The global brokerage firm sees an upside potential of up to 40% to Rs 340 on the bank stock in the next 12 months. In … Read more

Nifty news | Chris Wood: Nifty valuation undoubtedly challenging: Chris Wood of Jefferies

Nifty news | Chris Wood: Nifty valuation undoubtedly challenging: Chris Wood of Jefferies

NEW DELHI: With Nifty trading above its long-term average PE multiple, valuations in India have turned undoubtedly challenging, says Christopher Wood, global head of equity strategy at Jefferies. “If Asia looks better in aggregate on comparative valuations, there is one market where valuations are undoubtedly challenging. That is GREED & fear’s long-term favourite, India. The … Read more

When will Sensex hit 1-lakh magic figure? Here’s some back-of-the-envelope calculations

When will Sensex hit 1-lakh magic figure? Here’s some back-of-the-envelope calculations

While traders are busy debating over whether Sensex will rally another 2,700 points anytime this year to zoom past its all-time record high of 62,245.43 touched in the autumn of last year, long-term investors are doing back-of-the-envelope calculations on when will the index hit the magic 1-lakh mark. Earlier this year, Jefferies‘ global head of … Read more

Jefferies finds 4 catalysts that can trigger a bigger rally in RIL shares

Jefferies finds 4 catalysts that can trigger a bigger rally in RIL shares

Global brokerage Jefferies, which sees shares of nearing Rs 3,000 in its base case scenario, on Tueaday said that the EBITDA will grow at a CAGR of 19 per cent and PAT at 9 per cent over FY22-25E. In a report released after key announcements made by chairman Mukesh Ambani at the company AGM yesterday, … Read more

I am suspicious of the rally in US, India: Christopher Wood

I am suspicious of the rally in US, India: Christopher Wood

Christopher Wood, global head of equity strategy at Jefferies, says the recent run-up in equities is more of a bear market rally in the US, which Indian stocks are tailing. In an interview with Sanam Mirchandani, Wood said India is not among his top investment destinations at the moment. Edited excerpts: What is your evaluation … Read more

After Jefferies, Credit Suisse expects 100% rally on Zomato! Should you buy this dip?

After Jefferies, Credit Suisse expects 100% rally on Zomato! Should you buy this dip?

Even as stock price hit a fresh low of Rs 40.55, below the Rs 41 level that valuation guru Aswath Damodaran last year pegged as Zomato’s fair value, Credit Sussie has become second foreign brokerage in as many days, which has come out with a price target on Zomato that suggests over 100 per cent … Read more

Bank stocks lurch into ranks of June’s worst as rally unravels

Bank stocks lurch into ranks of June’s worst as rally unravels

U.S. bank stocks are morphing from leaders into losers amid more signs that their searing 35% rally through this year’s first five months may have outrun the fundamentals. With two weeks left in the quarter, some investors aren’t waiting around to find out. The S&P 500 Banks Index, which rose three times more than the … Read more

Here’s one thing Jefferies’ Chris Wood doesn’t want crypto investors to do

Here’s one thing Jefferies’ Chris Wood doesn’t want crypto investors to do

MUMBAI: The sudden meltdown in the cryptocurrency market over the past week came as a punch to the gut for investors, who had taken positions based on leverage. Bitcoin, Dogecoin and Ethereum’s over 50 per cent collapse from their all-time highs sent shockwaves throughout the financial markets, with many writing off the asset class for … Read more