Market expert Chris Wood from Jefferies is shaking up his investment plans by making some big changes to his portfolios. He has decided to put more money into Reliance Industries and has also added DLF, showing his interest in strong companies and the real estate market.
According to a report from NiftyStat, Chris has increased his investment in Reliance Industries by 2%. To make space for this, he took away 1% from HDFC Bank and 1% from State Bank of India.
In a related update, Wood has completely sold off his shares in Godrej Properties but has increased his investment in Macrotech Developers from 1% to 4% and added DLF with a 3% investment. This shows that Jefferies is still very positive about the Indian real estate sector.
Interestingly, Chris is also boosting his stake in Zomato by 1%. This is despite Zomato facing some ups and downs in its stock price, showing that Chris still believes in its future growth.
For international stocks, Chris has included MakeMyTrip in his Asia portfolio with a 4% investment, while he has sold all his shares in Axis Bank. MakeMyTrip is gaining popularity, as it was also featured in Goldman Sachs’ list of “10 Buy Ideas” recently, making it more appealing to investors.
Chris Wood’s GREED & Fear newsletter is well-known for providing insights into global markets and investment strategies.
(Disclaimer: The opinions and suggestions in this article are those of Chris Wood and do not represent the views of Thellv.news)
Chris Wood Makes Bold Portfolio Changes: Reliance, DLF, and More!
Chris Wood from Jefferies revamps portfolios, boosting Reliance and DLF. He exits Godrej while adding Macrotech and Zomato. Find out his latest strategies!
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