RIL, HDFC, Axis Bank, IndiGo, more: List of 12 stocks from Jefferies; shares to gain as FPIs embrace Indian markets

Jefferies expects largecap stocks to gain if foreign portfolio investor flows into India recover, citing their liquidity and higher foreign ownership. It named 12 potential beneficiaries, including Reliance Industries, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and DLF, amid improving inflows.