Jefferies has rejigged its India model portfolio
Zomato and Maruti Suzuki into Larsen and Toubro (L&T), Reliance Industries Ltd (RIL) and Banks.
The brokerage has removed Zomato and Bharti Airtel and has added two Indian metal stocks
Tata Steel and Hindalco to its India model portfolio, bringing the materials sector weight to Neutral from currently Nil
as it believes that the China reopening and US rate peak can drive extended positive sentiments on metals.