UBS removes 3 stocks from India portfolio, adds BHEL and Hyundai Motor India

UBS India outlook: Global brokerage UBS has released its latest India strategy report. The report highlights key changes in its India-focused portfolio. UBS has added new stocks, increased exposure to select sectors, and exited some names.

BHEL, Hyundai Motor in the list

According to the report, UBS has added BHEL and Hyundai Motor to its portfolio. These two stocks are new inclusions in the brokerage’s India strategy.

Stocks removed from UBS portfolio

At the same time, UBS has removed Mahindra & Mahindra, CG Power, and L&T Finance from its portfolio. These stocks no longer feature in the brokerage’s preferred list.

Higher weight on L&T and Axis Bank

UBS has also increased weightage in some existing holdings. The brokerage has raised exposure to Larsen & Toubro (L&T), indicating a strong preference for the capital goods space. It has also increased allocation to Axis Bank, reflecting a positive view on the banking sector.

Exposure cut in Siemens and HUL

However, UBS has reduced weightage in a few stocks. Siemens and Hindustan Unilever (HUL) are among the names where exposure has been trimmed.

Positive view on capital goods and banks

The report suggests that UBS is increasingly bullish on the capital goods and banking sectors. Stocks such as BHEL and L&T remain key beneficiaries of this theme.

Auto sector also in focus

UBS also sees higher conviction in the auto sector, particularly in the four-wheeler segment. The inclusion of Hyundai Motor highlights this preference.

Overall outlook remains positive

Overall, the UBS India strategy report remains largely positive on Indian equities. While foreign brokerages have turned constructive, market participants are watching closely for signs of renewed buying by foreign fund managers.