RIL, HDFC, Axis Bank, IndiGo, more: List of 12 stocks from Jefferies; shares to gain as FPIs embrace Indian markets

Résumé détaillé

Jefferies expects largecap stocks to benefit if foreign portfolio investor flows into India recover, citing their liquidity and higher foreign ownership. It named 12 potential beneficiaries, including Reliance Industries, HDFC Bank, Axis Bank, Kotak Mahindra Bank and DLF, amid improving inflows.

Jefferies Stock Picks: A potential revival in foreign portfolio investor (FPI) flows could put largecap stocks in the spotlight, with companies such as Reliance Industries, HDFC Bank, Axis Bank and Kotak Mahindra Bank emerging as potential beneficiaries.

In a latest report, global brokerage house Jefferies said that it believes largecaps are better placed to attract foreign money because of their higher liquidity and greater FPI ownership, following a prolonged period of overseas investor selling.

The brokerage has identified 12 stocks that could benefit from a reversal in foreign flows: Reliance Industries, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Max Healthcare, JSW Energy, UltraTech Cement, IndiGo, Varun Beverages, Indian Hotels Company (IHCL), DLF and Sona BLW.

"Given higher liquidity and FPI ownership, we see large caps as the more direct beneficiary of revival in FPI flows. We highlight Reliance, HDFC Bank, Axis, Kotak, Max Health, JSW Energy, Ultratech, Indigo, Varun, IHCL, DLF, Sona BLW as plays on FPI reversal," said Jefferies analysts Abhinav Sinha, Priyank Shah and Aditi Singla.

FPI flows into Indian equities have shown signs of turning around after a sustained period of outflows. Foreign investors have recorded net inflows of $8.2 billion since mid-October, including $5.8 billion in just six trading sessions in November 2026.

This marks a potential shift after FPIs recorded cumulative net outflows of $61 billion since September 2024. The first 10 months of 2026 alone saw foreign investors withdraw $31 billion from Indian equities, according to Jefferies.

The brokerage identified several factors that could support a sustained recovery. These include a possible reversal or broadening of the concentrated artificial intelligence (AI) trade, potential equity tax relief, resilient domestic economic conditions, relatively reasonable largecap valuations and light foreign investor positioning in India.

A moderation in the concentrated AI trade could encourage global…

L…

Début de l'article, extrait de Mint. Pour lire la suite, ouvrez l'article chez le média.