Tag: equities

NEW DELHI: Kotak Institutional Equities has ceased to recommend Indian mid-cap companies as it finds few stocks, apart from a select few in the financial sector, that have further upward potential following the mid-cap index's remarkable surge this year.The domestically focused mid-cap index has reached numerous all-time highs, posting a 31% gain this year, significantly outperforming the 10% rise in the benchmark Nifty 50 index. This exceptional rally has raised concerns of a potential market correction.Kotak analysts Sanjeev Prasad, Anindya Bhowmik, and Sunita Baldawa expressed their view in...