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Jefferies adds Lenskart to India long-only portfolio
Jefferies added Lenskart Solutions, MCX and Bajaj Finance to its India long-only portfolio, removing HDFC Bank, PB Fintech and REC. It also raised Eternal’s allocation, citing improving domestic lending, returning equity inflows and rupee-supportive central-bank measures.
Reported figures
From the report. Source details below
| Eternal allocation raised by | 1 percentage point |
|---|---|
| Bank credit growth of | 17-18% year-on-year |
| Corporate lending growth of | about 20% |
Also in the report
- Expected inflows of $80 billion-$100 billion