Tag Archives: Kotak

Kotak removes Vedanta from largecap portfolio; 15 stocks that are part of its midcap portfolio

Kotak Institutional Equities has made a few changes to their recommended large-cap model portfolio. They have removed Vedanta, and reduced weight in Infosys by 100 bps, bringing down the weight to an ‘internal’ cap of 10 percent. Apart from Infosys, reduction of weight was seen in M&M (30 bps) and RIL (70 bps) and allocated the same weightage to Bajaj Finance(200 bps), ICICI Bank (50 bps) and Maruti Suzuki India (100 bps). On ... Read More »

Indian Market Still Expensive Despite Correction, Says Sanjeev Prasad Of Kotak

Indian equity market still seems expensive despite the recent correction, says Sanjeev Prasad of Kotak Institutional Equities. “China delivered something like 50 percent over the same period, so people are looking at other markets more favourably in the emerging markets space,” Prasad told BloombergQuint in an interview. Foreign investors, he said, are more cautious on India, due to problems in ... Read More »

Vodafone picks BofA, Kotak, UBS, other banks for India IPO – sources

British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit’s IPO, people familiar with the matter said, kicking off its long-awaited listing plan. The IPO is expected to raise between $2 billion–$2.5 billion, Reuters previously reported, which, at the upper end, would make it India’s ... Read More »