Amidst Turmoil, Jefferies Picks 23 Stocks To Buy — SBI, Eternal and More

In its latest strategy report for March 2026, Jefferies has identified 23 stocks that it recommends for purchase, highlighting State Bank of India (SBI) and digital investment platform Groww as notable additions to its list. This move comes amidst a challenging market environment, where Jefferies has also downgraded its ratings for several companies, including Hyundai and Wipro, labeling them as 'underperform'. The report reflects Jefferies' analytical approach amid current economic uncertainties, suggesting that investors might find potential gains in the selected stocks despite broader market volatility. By focusing on strong fundamentals and growth potential, Jefferies aims to guide investors toward more promising opportunities in the Indian stock market. The inclusion of established financial institutions like SBI indicates confidence in the banking sector's resilience, while the endorsement of fintech like Groww underscores the increasing importance of digital platforms in investment strategies. As market dynamics continue to evolve, these recommendations provide valuable insights for investors navigating the complexities of the Indian economy.