Christopher Wood of Jefferies has reshuffled GREED & Fear’s India long-only portfolio, adding Ambuja Cements — an Adani Group company — Le Travenues Technology (Ixigo), and Lemon Tree Hotels, assigning a 4 per cent weighting to each. In contrast, Mukesh Ambani-led Reliance Industries and banking major Axis Bank have been removed from the portfolio. Additionally, the weights of ICICI Bank, REC, and JSW Energy have each been trimmed by one percentage point.
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