Jefferies’ Top Picks for September: Coal India, HUL, ITC, Sun Pharma Among 10 Must-Buy Stocks

Jefferies has added 10 new stocks to its Buy list for September, bringing the total to 28 stocks. Some of the key additions include Coal India, ITC Ltd, Hindustan Unilever Ltd (HUL), Sun Pharmaceutical Industries, Cholamandalam Investment and Finance Company, ICICI Lombard General Insurance, Siemens India, Jubilant FoodWorks, Zydus Lifesciences, and Indigo (InterGlobe Aviation).

Jefferies also made changes by replacing certain stocks. For example, Coal India replaced Hindalco Industries, and Siemens replaced Hindustan Aeronautics Ltd. Other replacements include HUL taking the place of Godrej Consumer Products, Jubilant FoodWorks replacing Nykaa, and Sun Pharma replacing Mankind Pharma.

While there are new additions, Jefferies also updated its underperform list. Petronet LNG replaced Hindustan Petroleum, and other stocks added to the underperform list include SRF, Dixon Technologies, Tata Power, IEX, and Whirlpool of India.

Jefferies’ Top 28 Buy Picks:

• Financial sector: Axis Bank, ICICI Bank, State Bank of India, Shriram Finance, Cholamandalam, and ICICI Lombard are the top financial picks.
• Automobile sector: TVS Motor and Mahindra & Mahindra are the key buys.
• Metals & Mining: Coal India leads the picks in this space.
• Infrastructure, Capital Goods, and Logistics: Larsen & Toubro, Siemens, NTPC, and JSW Energy are top recommendations.
• Energy & Chemicals: ONGC and PI Industries are Jefferies’ favourites.
• Real Estate: Godrej Properties and Macrotech Developers (Lodha) are standout picks.
• Consumer companies: HUL, ITC, and Jubilant FoodWorks are top buys.
• Pharma & Healthcare: Apollo Hospitals, Sun Pharma, and Zydus Lifesciences are Jefferies’ preferred stocks.
• Cement: Ambuja Cements is the top pick in this sector.
• Midcaps: Amber Enterprises and V-Guard Industries are highlighted.
• Telecom: Bharti Airtel is a top choice.
• Travel & Hospitality: Indigo (InterGlobe Aviation) rounds out the recommendations.

Jefferies’ list reflects a well-rounded selection of stocks across multiple sectors, offering a mix of large-cap, mid-cap, and sectoral leaders for investors to consider in September.