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Jefferies picks 12 stocks for FPI comeback

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Jefferies analysts identified 12 stocks, including Reliance and HDFC Bank, as likely beneficiaries of a Foreign Portfolio Investor (FPI) return. FPIs have returned $8.2 billion since mid-October 2026 after withdrawing $61 billion since September 2024. The brokerage cites light positioning and reasonable valuations as key drivers for this potential revival.

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