Jefferies Picks 23 Stocks to Buy Amidst Market Turmoil: SBI, Eternal, and More
The Indian stock market has been experiencing a significant downturn, with the Nifty falling 8% in just one month due to the ongoing conflict in the Middle East. However, amidst this turmoil, Jefferies has come out with a report on 23 stocks that they are bullish on. Their India Strategy report for March 2026 curates bottom-up ideas, featuring 23 top ‘buy’ recommendations and eight ‘underperform’ calls.
Jefferies’ Top ‘Buy’ Recommendations
Jefferies’ latest portfolio restructuring features 23 top ‘buy’ recommendations, with seven new companies added to the list. These include State Bank of India (SBI), Star Health, Groww, Bharat Forge, JSW Steel, Eternal, and Max Healthcare. These fresh inclusions join heavyweight stalwarts already favored by the brokerage, including HDFC Bank, Bajaj Finance, and Hindustan Aeronautics.
Upgrades and Downgrades
Logistics firm Delhivery was notably upgraded from an ‘Underperform’ to a ‘Buy’ rating, while pharmaceutical company Laurus was bumped up to a ‘Hold.’ On the other hand, the brokerage identified new headwinds for several major players. Jefferies initiated ‘Underperform’ ratings for automaker Hyundai Motors, tech giant Wipro, and drugmaker Cipla. These new additions join five other companies, including Tata Power and Tech Mahindra, in the underperform tier.
Complete List of Jefferies’ Top Bottom-Up Analyst Ideas
For a complete list of Jefferies’ top bottom-up analyst ideas, including the 23 ‘buy’ recommendations and eight ‘underperform’ calls, click here.
Essential Business Intelligence and Market Insights
Stay ahead with the latest news and updates from the Indian stock markets, including Nifty levels, Q1 results, and major corporate actions affecting investor sentiment. For more information on how to navigate the current market turmoil and make informed investment decisions, visit our website or click here for expert advice and analysis.
Investing in the Indian Stock Market
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Conclusion
In conclusion, Jefferies’ March 2026 strategy report provides valuable insights into the Indian stock market, featuring 23 top ‘buy’ recommendations and eight ‘underperform’ calls. By understanding the current market trends and staying informed about the latest news and updates, investors can make informed decisions and navigate the market turmoil. For more information and expert advice, visit our website or click here for a range of investor resources.