Bernstein added Adani Ports and Special Economic Zone back to its India model portfolio. The brokerage cited the recent stock correction and an improving global environment as primary reasons for the re-entry.
Bernstein highlighted the company's strong balance sheet and pricing power as key growth drivers. Its international business operations further support the positive outlook.
The move reflects Bernstein's strategy to seek company-specific triggers amid a challenging macro backdrop. The brokerage also added Eternal and Paytm to its portfolio while removing Avenue Supermarts (DMart).