Jefferies, Reliance’a Ağırlık Artırdı; Welspun Corp ve İki Hissede Ağırlık Artışı ile Üç Hissede Azalma

Kısaca

Jefferies, Reliance’a ek ağırlık kazandırdı; Welspun Corp’ta da artış öngörülüyor. İki tekerlekli araç ve gayrimenkul hisselerinde ağırlık azaltımı yapıldı; yıl başından bu yana düşüşler kaydedildi. Değerlemeler ve ileriye dönük kâr artış beklentileri nedeniyle yeniden dengeleme süreci izlenecek.

Ana mesele

Jefferies, Reliance ile iki diğer hisseye ağırlık artırdı; üç hisse için ağırlık kısma.

Ne değişti?

Reliance için cazip değerlemeler ve potansiyel yükselişler öne çıktı; Welspun Corp’un kümülatif yükseliş döngüsünden fayda bekleniyor.

Beni nasıl etkiler?

Yatırımcılar için portföy dengesi ve getiri potansiyeli değişebilir.

Ne oldu?

Jefferies, Reliance ve Welspun Corp’a ağırlık verirken iki tekerlekli araç üreticisi ile bir gayrimenkul hissesinin ağırlığını azalttı.

Neden şimdi?

Piyasada bono getirilerinin yükselmesiyle büyük cap hisselerindeki değerlemelerin nispeten düşmesi dikkate alındı.

Neden önemli?

Portföy dengesi ve getiri potansiyeli açısından yatırımcı kararlarını etkileyebilir.

Kimler etkileniyor?

• Yatırımcılar
• portföy yöneticileri

Sektör ve piyasa etkisi

Borsa genelinde orta kademe görünümünde dalgalanma potansiyeli

Riskler

• Değerlemelerin hızla değişmesi
• Regülasyon etkileri
• Kısa vadeli volatilite

Takip edilmesi gerekenler

• Reliance hissesi için değerleme gelişimi
• Welspun Corp’un kârlılık/EBITDA büyüme trendi
• İlgili sektörde yönelimler

Haberin tamamı

Home ETPrime Markets Market Data Masterclass News Industry SME Politics Wealth MF Tech AI Careers Opinion NRI Panache More Menu Business News › Markets › Stocks › News Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list Written by Veer Sharma , ETMarkets.com | Oct 07, 2026, 11:13:40 AM IST 1 / 7 The rejig As the Indian stock market is facing pressure from rising bond yields, global investment bank Jefferies sees an opportunity emerging beneath the broader market weakness in largecap stocks, where valuations have fallen below historical averages and the earnings gap with midcaps is expected to narrow.

Jefferies increased weight in the company and said Reliance has been added at an attractive valuation. The stock is trading at 8.4 times one-year forward EV-to-EBITDA, around 23% below its 10-year average. The brokerage also sees scope for upgrades if refining margins improve.

Jefferies cited the removal of leadership overhang, potential acceleration in growth from current levels of 15%+ and an attractive valuation. The stock trades at 1.8x FY27E price-to-adjusted book value (P/ABV), around 50% below its 10-year average.

Jefferies has also added Welspun Corp, which it expects to benefit from a multi-year upcycle in oil and gas infrastructure spending across the US and Middle East, supported by local manufacturing. The brokerage expects this to drive EBITDA and EPS compound annual growth of more than 30% over FY26-29E.

The Wall Street investment bank has trimmed weight in the two-wheeler major. Eicher shares have slipped over 8% in the last one month and remain 5% lower since the beginning of the year.

The brokerage has trimmed the weight in the real estate company. The weight reduction comes after a sharp 60% rally in the last six months. However, in the last one month, the stock is down over 5%.

The real estate giant has also seen a cut in weight by Jefferies. The stock is down over 20% since the beginning of the year and about 32% in the last five years.

Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .

Kaynaklar

• Economic Times - Markets