Economy
Jefferies Rejigs India Portfolio, Backs Gold Monetisation Strategy
Moneycontrol55m
THE BRIEF
1
Global brokerage Jefferies has updated its India portfolio, adding four new stocks and emphasizing the potential of gold monetisation to boost the economy.
2
The firm estimates that rising gold prices could add up to 100 basis points to India's GDP, creating significant wealth for domestic investors.
3
Jefferies has identified companies like Manappuram and MCX as key beneficiaries of this trend, recommending them as top picks for investors looking to capitalize on gold's value.