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• Jefferies has redeployed idle capital to buy 6 stocks and sell 4 counters, citing improved earnings outlook and steady margin expansion.
• The brokerage has replaced Maruti Suzuki with Eicher Motors, Marico with Honasa (Mamaearth), and Power Grid with NTPC.
• Jefferies has also increased the weight on Coal India and added HDFC Bank and ICICI Pru Life, while reducing weight on NBFCs.