Jefferies’ Chris Wood rejigs India portfolio: Adds Ambuja Cements, Ixigo, Lemon Tree Hotels; exits Reliance, Axis Bank

Christopher Wood of Jefferies has added Ambuja Cements, Ixigo, and Lemon Tree Hotels, each with a 4% weighting. Reliance Industries and Axis Bank were removed, and the weights of ICICI Bank, REC, and JSW Energy were reduced by one percentage point.