Jefferies’ Global Head of Equity Strategy, Chris Wood, has executed a major reshuffle in his India Long-Only Portfolio, adding three new high-conviction stocks. This strategic move highlights his evolving stance on India’s equity market amid global macro shifts and sector-specific trends.
According to the latest GREED & Fear newsletter dated June 2025, Wood introduced Power Grid Corporation of India, Indian Hotels Company, and InterGlobe Aviation (IndiGo) into the portfolio. These additions come at the cost of reducing weight in previous holdings like ICICI Lombard, Ultratech Cement, and Zomato.
📊 New Additions to Chris Wood’s India Portfolio (June 2025):
Power Grid Corporation of India Ltd.
Sector: Power/Utilities
Rationale: Strong fundamentals, consistent dividend yields, and central role in energy infrastructure.
Indian Hotels Company Ltd.
Sector: Hospitality
Rationale: Revival in tourism and business travel post-pandemic, robust occupancy rates.
InterGlobe Aviation Ltd. (IndiGo)
Sector: Aviation
Rationale: Market leader in domestic aviation, expanding international operations, and growing profitability.
Wood remains optimistic about India's long-term growth story, citing macroeconomic stability, resilient corporate earnings, and a strong domestic demand cycle as key factors behind his bullish stance.
📉 Reductions or Exits:
Partial exits in ICICI Lombard, Ultratech Cement, and Zomato were made to reallocate capital to sectors perceived to have higher near-term growth potential.
❓ FAQ Section
Q1: Who is Chris Wood?
A: Chris Wood is the Global Head of Equity Strategy at Jefferies and is widely followed for his investment insights, particularly through his "GREED & Fear" newsletter.
Q2: What stocks did Chris Wood add to his India portfolio in June 2025?
A: He added Power Grid Corporation, Indian Hotels Company, and InterGlobe Aviation (IndiGo).
Q3: Why is this portfolio reshuffle significant?
A: Changes in Wood’s portfolio often reflect broader macroeconomic views and emerging trends in Indian equities, making them important for institutional and retail investors alike.
Q4: Which stocks did he reduce or exit?
A: He trimmed holdings in ICICI Lombard, Ultratech Cement, and Zomato to reallocate to sectors with better growth outlook.
Q5: Is this a good time to invest in the newly added stocks?
A: While Chris Wood’s choices are based on deep research, investors should conduct their own due diligence or consult a financial advisor before making investment decisions.
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Reported by Benny on June 23, 2025.
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