Jefferies' Chris Wood adds L&T in India portfolio in place of TVS Motor
Shares of TVS Motor was up 0.3% at Rs 559.90 and L&T was up 0.9% at Rs 1727.75 at mid-day trade on Friday.
By ET Bureau |
ETMarkets.com
Mumbai: Jefferies' Global Head of Equity Strategy Christopher Wood has replaced TVS Motor Company in his India long-only portfolio with an investment in infrastructure play Larsen & Toubro due to rising hopes of a capex cycle in India. He has also added Larsen & Toubro to the Asia ex-Japan long-only portfolio by reducing investments in Samsung, MediaTek and TSMC by 1 percentage point each.
Shares of TVS Motor was up 0.3% at Rs 559.90 and L&T was up 0.9% at Rs 1727.75 at mid-day trade on Friday.
Wood's Asia ex-Japan long only portfolio is 36% invested in India, while 28% has been allocated to China, Taiwan and Korean technology. He has also allocated 19% to energy, resources and gold.
The portfolio is now primarily geared to the domestic demand story in India, said Wood.
Shares of TVS Motor was up 0.3% at Rs 559.90 and L&T was up 0.9% at Rs 1727.75 at mid-day trade on Friday.
Wood's Asia ex-Japan long only portfolio is 36% invested in India, while 28% has been allocated to China, Taiwan and Korean technology. He has also allocated 19% to energy, resources and gold.
The portfolio is now primarily geared to the domestic demand story in India, said Wood.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
