9 hrs ago
Kotak Adds ITC, Mankind and Goa Agro to Model Portfolios
Kotak Institutional Equities changed some of the stocks in its model portfolios.
It added ITC to its list of large companies.
It also slightly reduced the amounts assigned to Apollo Hospitals, Eternal and ICICI Bank.
Three companies joined its mid-cap list: Goa Agro, Mankind Pharma and Narayana Hrudayalaya.
Three others—CRISIL, DCB Bank and Eureka Forbes—were removed.
Kotak believes some large companies are priced attractively compared with their expected earnings.
It also thinks mid- and small-cap shares have already risen strongly.
The brokerage warned that even a cheap-looking stock may take time to perform.
Kotak Institutional Equities added ITC to its large-cap portfolio with a 1.5% weight.
Apollo Hospitals, Eternal and ICICI Bank saw their portfolio weights reduced by 0.5 percentage point each.
Goa Agro, Mankind Pharma and Narayana Hrudayalaya entered Kotak’s mid-cap portfolio.
CRISIL, DCB Bank and Eureka Forbes were removed from the mid-cap portfolio.
Kotak cited attractive large-cap valuations but cautioned that mid- and small-cap stocks may remain selective after strong gains.
- Who
- Kotak Institutional Equities.
- What
- The brokerage reshuffled its large-cap and mid-cap model portfolios.
- Where
- When
- In its latest portfolio update; the articles do not specify an exact date.
- Why
- Kotak sees valuation opportunities among large caps while remaining selective after strong mid- and small-cap performance.
Key facts
- New large-cap addition
- ITC was added with a 1.5% portfolio weight.
- Large-cap reductions
- Apollo Hospitals, Eternal and ICICI Bank were each reduced by 0.5 percentage point.
- New mid-cap additions
- Goa Agro, Mankind Pharma and Narayana Hrudayalaya.
- Mid-cap removals
- CRISIL, DCB Bank and Eureka Forbes.
- Goa Agro fair value
- Rs 1,010, implying 49% potential upside according to Kotak.
- Mankind Pharma fair value
- Rs 2,885, implying 27% potential upside according to Kotak.
- Narayana Hrudayalaya fair value
- Rs 2,350, implying 26% potential upside according to Kotak.
Quotes
Kotak Institutional Equities
Brokerage whose research report outlines the portfolio changes and valuation views
“We find the fact that several large cap. stocks are trading at attractive valuations simultaneously in the absence of a macroeconomic crisis quite remarkable.”
financialexpress.com
“We find significant value in many large-cap. stocks after the sharp price and time correction in stocks over the past few months or years as the case may be.”
financialexpress.com
Sources
Related news
Large-Caps Look More Attractive, But Valuation Risks Remain
Bandhan Small Cap Fund adds four stocks, exits six
Kotak sees ITC demerger unlocking tobacco and non-tobacco value
Madhu Nair Sees Attractive Indian Equity Entry Point for Investors
Edelweiss Large & Mid Cap Fund Bets on Next Cycle
Indian Rs 1 Trillion Market Cap Club Expands
Indian Stocks in News on Bank, Energy, Infrastructure Moves
Senior Citizen FD Rates Reach 8.50%, But Taxes Reduce Returns
Senior Citizens Can Earn Up to 8.5% on Five-Year FDs
Special August 2026 FDs Offer Varied Rates and Terms
