Archive · 28 Jan 2026
Kotak Adjusts Portfolio Amid Market Uncertainty
Kotak Institutional Equities has made some changes to its investment portfolio.
They added two stocks, ITC and Max Healthcare Institute, because they think these companies have good potential.
They removed Embassy Office Parks REIT and Lupin because these stocks have already gone up a lot and might not go up much more.
They also reduced their investment in Cipla.
The report also talks about the Indian market being expensive compared to other markets and warns that there might be more changes in the future.
Foreign investors are selling Indian stocks, but local investors are still buying.
The report says that the recent company earnings are stable, but there are some risks like higher metal prices and lower consumer demand.
Kotak added ITC and Max Healthcare Institute to its model portfolio, citing valuation comfort and growth potential.
Embassy Office Parks REIT and Lupin were removed due to limited upside and flat earnings expectations.
Cipla's weight was reduced by 50 basis points in the portfolio.
The report highlights concerns about high valuations in the Indian market and potential de-rating over time.
Foreign investors continue to sell Indian equities, while domestic investors remain strong buyers.
- Who
- Kotak Institutional Equities
- What
- Adjusted model portfolio, added and removed stocks
- When
- Following recent market correction
- Where
- Indian market
- Why
- Valuation comfort in select names, limited upside in others
- Stocks Added
- ITC, Max Healthcare Institute
- Stocks Removed
- Embassy Office Parks REIT, Lupin
- Stock Weight Reduced
- Cipla (50 basis points)
- Market Valuation Concern
- Indian equities trade at high valuations
- Foreign Investor Trend
- Continued selling of Indian equities
- Domestic Investor Trend
- Strong buying, price-agnostic approach
- Earnings Stability
- Q3FY26 results met expectations, earnings stabilizing
- Potential Risks
- Rising metal prices, subdued consumer demand