New Delhi, Sept. 12 -- As sentiment in the Indian stock market improves due to domestic tax reforms, a healthy macro outlook, large-cap valuations moving to more rational levels, expectations of an earnings revival, and signs of improving India-US trade relations, global financial firm Jefferies has revealed 25 top bottom-up stock ideas that investors can consider for the long term.

Bottom-up investment approach focuses first on the fundamentals of individual companies rather than on the broader economy or sector trends.

Jefferies pointed out value discovery in FMCG, data centre and New Energy over FY27-28.

The brokerage firm expects Reliance to clock an 11 per cent consolidated EBITDA CAGR over FY25-28E.

"The stock appears to discoun...