Jefferies prefers largecaps, sees value in banks, NBFCs and real estate
In short
Jefferies said it prefers largecap stocks and sees value in banks, NBFCs and real estate. Mahesh Nandurkar said India’s economy and earnings growth could help markets even if foreign investors keep selling and the RBI raises rates again.
This matters for Indian stocks because it points to where the firm sees opportunity. The report does not say how much FII selling there has been or when the next rate move may come.
What the reporting says
Jefferies said it favours largecap stocks and sees value in banks, NBFCs and real estate despite FII selling, according to the publisher summary. Mahesh Nandurkar said India’s economic fundamentals and earnings growth should support markets even if RBI rate hikes continue. The reporting also says he sees long-term opportunities in power infrastructure and hospital stocks after recent corrections, but gives no price targets or timing.
Why it matters
Jefferies, through Mahesh Nandurkar, said largecap stocks remain preferred and that banks, NBFCs and real estate still look attractive despite FII selling and possible further RBI rate hikes. The note also highlights long-term opportunities in power infrastructure and hospital stocks after corrections. The reporting does not quantify flows, name specific stocks, or provide a timetable for policy moves.