According to Zee Business, Jefferies, a global investment bank and financial services firm, is recommending buying large-cap scrips, specifically:
* Larsen & Toubro (L&T)
* Hindustan Aeronautics Limited (HAL)
* Siemens
* and possibly more.
Jefferies emphasizes the potential for large-capitalization stocks to outperform in the current market, citing their stability, steady performance, and strong fundamentals. The experts at Jefferies believe these companies are likely to benefit from the ongoing economic revival, infrastructure development, and structural growth.
The brokerage firm is advising clients to take a “buy” position in these large-cap scrips, considering their attractive valuations, consistent dividend yields, and robust financials. Jefferies also notes that these companies have been less volatile and offer a relatively lower risk profile compared to their mid-cap and small-cap counterparts.
Overall, the recommendation by Jefferies is to focus on large-cap stocks with strong fundamentals, which are likely to provide long-term capital appreciation and steady returns for investors.