Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list

Jefferies, a financial services firm, has made changes to its model portfolio by increasing its weight in Reliance Industries, Kotak Mahindra Bank, and adding Welspun Corp. This decision is based on the firm's positive outlook for these companies, citing appealing valuations and strong growth prospects. The weight increase in Reliance Industries is particularly significant, as it reflects the firm's confidence in the company's future performance.

Why it matters

Jefferies has increased its investment stance on Reliance Industries due to appealing valuations and an outlook for upgrades. This could lead to an increase in investor confidence and a boost in the stock's price.

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