Here are the major CLSA portfolio changes; These stocks make the cut
Published on 10/04/2026 10:33 AM
Brokerage firm CLSA has turned constructive on Indian stocks after 18 months of being bearish as it sees risk-reward profile being balanced. The brokerage is of the view that the "Max Pain" may have been surpassed by the market with regards to both the Iran conflict, and its impact.CLSA has made its exit from ITC within the FMCG basket and from Bajaj Auto from the automobiles space. These investments have been replaced by investments in Varun Beverages and Mahindra & Mahindra respectively.The brokerage also sees a better post-war setup for Vedanta, instead of UltraTech, from within the commodities basket.The risk-reward is better for Bajaj Finance from within the financial segments, compared to IndusInd Bank, according to CLSA. Financials as a sector has also been raised to "overweight" by CLSA with IT being cut to "underweight". As a result, Tech Mahindra's investment in the portfolio has been replaced by HDFC Bank.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.