Jefferies swaps Aditya Birla Real Estate for Mahindra in key India portfolio
ReutersAug 29, 2025 6:31 AM
** Jefferies replaces Aditya Birla Real Estate AITE.NS with automaker Mahindra & Mahindra MAHM.NS in long-only India equity portfolio rejig
** AITE is up 183% since the investment in July 1, 2021 - Christopher Wood, Jefferies' global head of equity strategy, writes in GREED & Fear report
** New 4% weighting in MAHM based on passenger vehicles market share gains on new launches, favorable SUV demand shift - referring to Jefferies' Aug 27 note
** Adds, MAHM was No. 2 auto parts maker in Q1FY26 with 15% market share, behind Maruti Suzuki MRTI.NS
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