Jefferies’ Chris Wood adds Axis Bank, midcap stock to India portfolio

Jefferies analyst Christopher Wood has added Axis Bank to his India Long-only portfolio, and reduced the investments in HDFC Bank Limited and Reliance Industries Limited by 1 percentage point in the May edition of ‘Greed & Fear’ report. Wood’s India Long-only portfolio comprises 18 stocks from financials, energy, real estate, infrastructure, transport, logistics and power equipment sectors. The stocks in his India Long-only portfolio include ICICI Bank, Bajaj Finance,