Jefferies Raises Reliance Weight, Adds Kotak and Welspun

Jefferies changed some of the investments in its model portfolio.

It gave Reliance Industries a bigger share.

It also added Kotak Mahindra Bank and Welspun Corp.

The portfolio now has smaller shares in NBFCs and real estate.

Jefferies still says it is overweight in both of those areas.

It also reduced the portfolio’s share in Eicher Motors.

The article does not explain why Jefferies made these changes.