Jefferies Adds Seven Indian Stocks Including SBI and Groww to Buy List

Jefferies has updated its India stock recommendations, adding seven companies—including State Bank of India, Groww, JSW Steel, Star Health Allied Insurance, Bharat Forge, Eternal, and Max Healthcare—to its 'Buy' list. The brokerage highlights potential upside ranging from about 20% to 44%, citing factors such as earnings growth, sector tailwinds, and strong market positions. While some stocks like Delhivery were upgraded, others including Hyundai, Wipro, and Cipla remain underperform-rated, reflecting a cautious overall stance.