Christopher Wood Reshuffles India Portfolio, Adds MCX and Lenskart

Christopher Wood Revamps India Portfolio with New Stock Additions

Jefferies' global equity strategist Christopher Wood has made notable changes to his India long-only portfolio, according to his latest GREED & Fear note. The reshuffle includes the addition of Multi Commodity Exchange of India (MCX), Lenskart Solutions, and Bajaj Finance, while HDFC Bank, Paytm (One 97 Communications), PB Fintech, and REC have been removed from the portfolio.

Portfolio Reshuffle and Allocation Changes

• New Additions: MCX, Lenskart Solutions, and Bajaj Finance have been added to the portfolio with a 4% allocation each.
• Stocks Removed: HDFC Bank, Paytm (One 97 Communications), PB Fintech, and REC have been dropped from the portfolio.
• Weight Changes: Eternal's allocation has been increased to 5%, while Bharti Airtel's weight has been reduced to 4%.
• Sector Exposure: Financial stocks remain the largest allocation in the portfolio, accounting for 26% of total holdings.
• Top Holdings: SBI Life Insurance, Adani Ports, and GMR Airports continue to be the portfolio's largest positions with a 6% allocation each.

What to Watch Next

• Market participants will monitor whether Christopher Wood's latest portfolio changes influence broader institutional investor sentiment.
• Investors will also keep an eye on foreign investment flows, domestic credit growth, and the impact of the RBI's capital inflow measures on the rupee and bond markets.