The strategist has raised the weightage of Reliance Industries by 2 percentage points in his India long-only portfolio. This increase is being funded by trimming exposure to HDFC Bank and State Bank of India by 1 percentage point each, as per Wood’s latest GREED & Fear note.
The report highlights that in his Asia Ex-Japan long-only portfolio, Wood has exited Godrej Properties entirely. At the same time, he has tripled his stake in Macrotech Developers from 1% to 4%, and introduced DLF with a 3% allocation, reaffirming Jefferies’ bullish stance on Indian real estate — a sector the brokerage has supported for several years.
The note also reveals that Zomato will see a 1 percentage point increase in its allocation. This comes despite the stock facing a notable correction from its highs and recent brokerage downgrades — a move that reflects Wood’s continued confidence in the company’s long-term growth prospects.
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Among international names, MakeMyTrip has been added to the Asia Ex-Japan portfolio with a 4% weightage. This fresh allocation is funded by a complete exit from Axis Bank. Notably, MakeMyTrip was also listed among Goldman Sachs’ “10 Buy Ideas” earlier this week, adding to its institutional appeal.Chris Wood’s “GREED & fear” note is a highly regarded investment strategy newsletter authored by Christopher Wood, the Global Head of Equity Strategy at Jefferies. It is published regularly and provides Wood’s views on global markets, economic trends, sectoral outlooks, and strategic shifts in his model portfolios.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
