Kotak Mahindra Bank, India’s fourth-largest bank in terms of market capitalisation, could be the biggest beneficiary of the FTSE change. The stock is expected to see an inflow of $61 million from foreign portfolio investors (FPIs), according to data compiled by IIFL Alternative Research.
Hot Stocks: Brokerage upgrades Kotak Bank & D-Mart post Q4 results
Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on