Jefferies raises weight on Reliance, Kotak Mahindra Bank, Welspun Corp

Jefferies has increased its investment weight on Reliance Industries, citing attractive valuations and expectations of future earnings upgrades. The firm has also raised its stakes in Kotak Mahindra Bank, pointing to strong growth prospects ahead.

Welspun Corp has been added to Jefferies' model portfolio, supported by anticipated expansion opportunities in oil and gas infrastructure projects. The moves reflect the brokerage's revised outlook on these three companies.