Jefferies reported that foreign portfolio investors have recorded $8.2 billion in net inflows since mid-October, remaining net buyers throughout November. The brokerage identified 11 key companies with lightened positioning that are poised to gain the most from this liquidity shift. Beyond heavyweight leaders Reliance Industries and HDFC Bank, lenders Axis Bank and Kotak Mahindra Bank also hold Buy ratings after enduring billions in estimated outflows. Other identified beneficiary stocks include names such as UltraTech Cement, Max Health, and Varun Beverages.
Key points
Foreign investors have maintained a daily net buying streak across Indian equities throug…: Foreign investors have maintained a daily net buying streak across Indian equities throughout November.
Favorable domestic macroeconomic conditions and attractive large-cap valuations are helpi…: Favorable domestic macroeconomic conditions and attractive large-cap valuations are helping sustain ongoing foreign capital inflows.
Capital allocators are focusing on 11 heavily sold stocks spanning banking, cement, energ…: Capital allocators are focusing on 11 heavily sold stocks spanning banking, cement, energy, and consumer sectors.
Sources checked by our analysis pipeline: 1
After persistent selling, foreign investors have gone on a buying spree on Dalal Street, remaining net buyers of Indian equities everyday in November so far. Jefferies in its note highlighted that FPI flows have turned positive recently, with US $8.2 billion net inflows since mid-October. Potential AI trade reversal, any equity tax relief, resilient domestic macro, reasonable large-cap valuations and light positioning could sustain the flows, according to the international brokerage. It ran the three FPI ownership focused screens to identify 11 potential beneficiaries, which are as follows.
Reliance Industries (RIL) was among the stocks that saw the largest estimated outflows worth $8 billion over September 2024-September 2026. Jefferies has a ‘Buy’ call on the megacap stock which it believes will be one of the biggest beneficiaries of the rising FPI inflows. RIL shares have gained more than 2% in a week and over 14% in a month, but the stock is down over 15% in 2026 so far and 10% in one year. In the longer term, the shares of the company have delivered positive returns of 16% in…
Analysts at the research firm have evaluated key players across the financial technology landscape to guide investor positioning. These selections highlight the specific firms best equipped to navigate current market conditions and transaction trends. Market participants monitor such evaluations closely to gauge shifting institutional sentiment across the broader payments industry.
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