CLSA has initiated an outperform rating on Kotak Mahindra Bank and a buy rating on UltraTech Cement, while Jefferies has maintained its buy rating on Indian Hotels post Q4 results. CLSA downgraded Kotak Mahindra Bank to outperform post-March quarter results and UltraTech Cement to underperform with a target price of Rs 2150 and Rs 7900, respectively. Jefferies sees an incremental demand driver for FY24 and Motilal Oswal maintained its buy rating post-March quarter results. Read More