Kotak Mahindra Bank May Weigh Heavier On MSCI As Foreign Holding Dips To 41.22%

Foreign investors' holding in Kotak Mahindra Bank has dropped to 41.22 percent in the March 2023 quarter, lower by 1.47 percentage points from December. This could result in a wider foreign headroom opening up and the stock gaining weightage in the MSCI index, according to Nuvama Alternative Research.