Kotak Institutional Equities has added Tata Consultancy Services (TCS) and SBI Life Insurance Company to its model portfolio, assigning each a weight of 150 basis points. The brokerage also raised the weight on Larsen & Toubro (L&T) in its portfolio, reflecting a strategic shift in its stock recommendations as of July 15, 2026, according to livemint.com.
The inclusion of TCS and SBI Life came after Kotak’s review of market conditions and company fundamentals. While TCS shares trade at 13 times one-year forward earnings per share, Kotak clarified that adding TCS should not be seen as a broad endorsement of the IT services sector. The brokerage’s move indicates a selective approach, focusing on companies with strong individual prospects rather than sector-wide optimism.
This adjustment in Kotak’s model portfolio highlights the evolving investment landscape in India’s equity markets. Adding SBI Life Insurance reflects confidence in the insurance sector’s growth potential, while the increased weight on L&T signals faith in infrastructure and engineering firms. These changes align with broader market trends where investors are balancing growth and stability across sectors.
Kotak Institutional Equities’ updated model portfolio now includes TCS and SBI Life at 150 basis points each, alongside a higher allocation to L&T, as detailed in their latest market strategy report published on July 15, 2026.