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Jefferies adds Lenskart to India long-only portfolio, exits PolicyBazaar and HDFC Bank
Jefferies added Lenskart Solutions to its India long-only portfolio, citing exposure to India’s organised eyewear market, while exiting PolicyBazaar and HDFC Bank. The brokerage also raised Eternal’s allocation amid improving foreign inflows and robust domestic credit growth.
Reported figures
From the report. Source details below
| Eternal allocation increased by | 1 percentage point |
|---|---|
| Net foreign selling of Indian equities was $25.4 billion in | 2026 |
| India received $2.45 billion in net foreign equity buying in July | 2026 |
| Bank credit growth was | about 17-18% year-on-year |
| Retail credit growth was | about 16% |
| Rupee fell to 96.96 per US dollar in May before recovering to | around 95.17 |
Also in the report
- FCNR-B scheme attracted $41 billion; Jefferies expects $80-100 billion by the facility end
- Indian government bonds drew $8.7 billion of net inflows since June
The source
Filed
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