Kotak Institutional removes ABB India, Siemens, Cummins India from model portfolio
Kotak Institutional Equities has removed capital goods stocks such as ABB India, Siemens and Cummins India from its model portfolio after a sharp rally pushed valuations beyond comfortable levels, according to Sanjeev Prasad, Managing Director and Co-Head of Kotak Institutional Equities. Prasad said Kotak continues to see a long-term opportunity in themes such as electrification,…
