Several PSUs trade at extremely high market caps relative to their profits, net worth or assets: Kotak report

Several PSUs trade at extremely high market caps relative to their profits, net worth or assets: Kotak report

The Indian equity markets have experienced a recent pullback following a record-breaking rally. In a recent note, analysts at Kotak Institutional Equities highlighted that investors seem to be overlooking concerns about high valuations. They believe that the pursuit of returns has outweighed the fear of risks, whether apparent or hidden. The brokerage noted that institutional … Read more

Dr Lal Pathlabs, Metropolis shares gain on Kotak Equities’ rating upgrades, target price raise

Dr Lal Pathlabs, Metropolis shares gain on Kotak Equities' rating upgrades, target price raise

After a long stretch of stock underperformance, domestic brokerage Kotak Institutional Equities stated in its most recent report that it has double upgraded Dr Lal Pathlabs from Sell to Add with an increased fair value of ₹2,360. Given reasonable prices, the brokerage has also increased Metropolis Healthcare’s fair value to ₹1,600, keeping its Reduce rating. Following … Read more