Jefferies has identified 11 value buy stocks within its India coverage, including Adani Energy Ltd., Adani Ports & Special Economic Zones Ltd., AWL Agri Business Ltd., and Birla Corp.
The firm highlighted the challenge of finding attractive value versus growth in non-financial sectors as MSCI India ex-financials trades at a high PE ratio.
Newly listed companies like Belrise Industries Ltd., Sagility India Ltd., and Adani Energy Solutions Ltd. have been added to Jefferies' model portfolio for their value potential.
Jefferies stresses the importance of bottom-up stock picking in the current market environment, with these selected value stocks positioned for growth in the upcoming quarters.