Brokerage calls don’t (and shouldn’t) mean anything. For every stock you will have brokerages with buy, sell and hold recommendations and every brokerage house has as much probability of being right or wrong as their peer. Macquaire has been wrong with lots of their calls but so have been other brokerages.
For Kotak Bank holder this seal of approval may seem like a good news but those holding Bajaj Finance and SBI shouldn’t get disheartened. They have made a lot of wealth for their investors and will continue to do well as fundamentally they are strong and well managed lenders.
Disc- Invested in Kotak
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