Adani Enterp. 2493.35↓-3.10(-0.12%)
Adani Ports 738.85↑4.80(0.65%)
Apollo Hospitals 4621.95↑22.80(0.50%)
Asian Paints 3192.95↑48.55(1.54%)
Axis Bank 914.85↓-22.60(-2.41%)
B P C L 363.50↑3.10(0.86%)
Bajaj Auto 4567.15↓-24.75(-0.54%)
Bajaj Finance 6989.85↓-15.95(-0.23%)
Bajaj Finserv 1451.05↓-14.80(-1.01%)
Bharti Airtel 849.90↑31.45(3.84%)
Britannia Inds. 4657.05↑83.80(1.83%)
Cipla 953.05↓-6.80(-0.71%)
Coal India 241.25↓-3.05(-1.25%)
Divi's Lab. 3443.60↓-14.40(-0.42%)
Dr Reddy's Labs 4501.05↓-17.85(-0.40%)
Eicher Motors 3671.95↓-6.40(-0.17%)
Grasim Inds 1718.35↓-6.80(-0.39%)
H D F C 2640.40↓-52.95(-1.97%)
HCL Technologies 1145.10↑9.25(0.81%)
HDFC Bank 1610.85↓-25.90(-1.58%)
HDFC Life Insur. 592.35↑7.20(1.23%)
Hero Motocorp 2759.90↓-19.25(-0.69%)
Hind. Unilever 2667.55↑11.00(0.41%)
Hindalco Inds. 405.90↓-7.20(-1.74%)
ICICI Bank 949.15↓-0.80(-0.08%)
IndusInd Bank 1286.60↓-6.65(-0.51%)
Infosys 1318.30↓-5.55(-0.42%)
ITC 445.50↓-4.40(-0.98%)
JSW Steel 696.30↓-8.30(-1.18%)
Kotak Mah. Bank 2014.35↑39.65(2.01%)
Larsen & Toubro 2205.65↓-5.15(-0.23%)
M & M 1319.00↓-9.45(-0.71%)
Maruti Suzuki 9367.70↓-15.65(-0.17%)
Nestle India 21673.10↑98.65(0.46%)
NTPC 173.85↓-2.95(-1.67%)
O N G C 154.90↓-3.95(-2.49%)
Power Grid Corpn 233.85↓-1.25(-0.53%)
Reliance Industr 2469.90↓-50.05(-1.99%)
SBI Life Insuran 1235.00↑19.10(1.57%)
St Bk of India 579.85↓-12.95(-2.18%)
Sun Pharma.Inds. 975.35↑15.75(1.64%)
Tata Consumer 798.65↑7.75(0.98%)
Tata Motors 526.30↑7.50(1.45%)
Tata Steel 105.80↓-1.25(-1.17%)
TCS 3289.50↓-26.70(-0.81%)
Tech Mahindra 1115.55↑17.15(1.56%)
Titan Company 2823.25↑20.75(0.74%)
UltraTech Cem. 7870.05↓-31.90(-0.40%)
UPL 685.10↓-3.95(-0.57%)
Wipro 403.65↑1.15(0.29%)

Axis Bank, L&T, Thermax: Chris Wood rejigs India equity portfolio

Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.

Puneet Wadhwa New Delhi

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Chris Wood

3 min read Last Updated : May 19 2023 | 11:11 AM IST

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Christopher Wood, global head of equity strategy at Jefferies has rejigged his equity portfolios. In his Asia ex-Japan long-only portfolio, he has added Axis Bank (5 per cent weightage) and increased holding in Larsen & Toubro (L&T) by one percentage point.

This, Wood said, will be paid for by removing the investment in ICICI Lombard General Insurance and reducing the investments in HDFC Bank and Reliance Industries (RIL) by one percentage point each.

“As for the India long-only portfolio, investments in power equipment maker Thermax and Axis Bank will be introduced with 5 per cent and 6 per cent weighting respectively. These will be paid for by removing the investments in ICICI Lombard General Insurance and Maruti Suzuki India and reducing the investment in HDFC Life by one percentage point,” Wood wrote in his recent weekly newsletter to investors, GREED & fear.