Kotak drops TCS, DLF from model portfolio, adds Adani Ports

Kotak Institutional Equities has removed Tata Consultancy Services (TCS), DLF and Macrotech Developers (Lodha) from its model portfolio. The brokerage has replaced them with Adani Ports, Eternal (formerly known as Britannia Industries) and infrastructure stocks, as per its latest monthly review.

The move comes as valuations in the IT and realty sectors turn shaky, NDTV Profit reports. The brokerage has rotated into sectors such as ports, insurance and infrastructure, betting on better earnings visibility and valuation comfort.

The refreshed portfolio now includes Adani Ports, ICICI Prudential Life Insurance, and Larsen & Toubro among other picks. Kotak's model portfolio is tracked by institutional investors for its sectoral allocation shifts.