Kotak trims Reliance weight, raises Eternal and IndiGo in large-cap model portfolio
Kotak Institutional Equities cut Reliance Industries’ model-portfolio weight by 100 bps to 640 bps, while increasing allocations to Eternal, IndiGo, Adani Ports and Shriram Finance on valuation-led entry opportunities.
Kotak Institutional Equities cut Reliance Industries’ weight in its large-cap model portfolio to 640 bps while raising allocations to Eternal and IndiGo. The brokerage cited attractive entry points after corrections and expects robust Indian earnings growth in FY2027-28.
Why this matters
The weight cut adds a portfolio-positioning signal as Reliance Retail faces quick-commerce margin pressure, Jio IPO filing talk resurfaces, and analysts project upside tied to Jio’s consumer-growth roadmap.
Retail-company signals are accelerating, up 389,433% QoQ.