Macquarie replaces HDFC with ICICI Bank in India Super 6s portfolio
Global brokerage Macquarie has reshuffled its July India Super 6s portfolio, replacing HDFC Bank with ICICI Bank in its core "6 Stars" basket while adding Power Grid and Shree Cement to its tactical picks. The brokerage cited stronger earnings visibility, improving sector fundamentals and better return potential, while removing HDFC Bank, Axis Bank and Torrent Pharmaceuticals.