bajaj finance

After adding Zomato to his India long-only portfolio a month ago, Jefferies’ Christopher Wood has gone a step further by increasing investment in the online food delivery aggregator.“The investment in Zomato in the India long-only portfolio will be increased by one percentage point by shaving the investment in Oil & Natural Gas Corp,” the global equity strategist said in his weekly Greed & Fear newsletter.In late May, Wood had picked Zomato for his India long-only portfolio and assigned a weight of 4%. On the…

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two blue chips that faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE…