Sandip Sabharwal discusses Kotak’s valuation normalization after RBI restrictions, suggesting it’s now reasonably priced. He favors ICICI Bank for its asset-liability management, Axis Bank for its conservative approach, and sees SBI as undervalued. Sabharwal also believes Reliance is entering an outperformance cycle, while auto and infra stocks are underestimated.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing