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Mid: Kotak stops mid, small-cap...

MUMBAI: In a surprising move on...

Mid: Kotak stops mid, small-cap stock recos

MUMBAI: In a surprising move on Monday, Kotak Institutional Equities withdrew all its recommendations for mid- and small-cap stocks as it sees no fundamental reasons for several of these scrips to rally the way they have in the past few months.There are indications that 'irrational exuberance' has set in in several of these stocks, increasing the risks of holding them in the portfolio. Irrational exuberance is a term that was popularised by former US Federal Reserve chairman Alan Greenspan in 1996 to indicate a situation in the stock...

Karl Jörg - September 11, 2023

Business Profiles

Mid: Kotak stops...

MUMBAI: In a surprising move on Monday, Kotak Institutional Equities withdrew all its recommendations for mid- and small-cap stocks as it sees no...

Karl Jörg - September 11, 2023

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