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MSCI: Kotak Mahindra Bank stock may see strong momentum, $690 million inflows, says Nuvama

KMB shares: Nuvama said if its shareholding calculations hold true and MSCI consider 41.22 per cent as the current foreign holding, Kotak Mahindra Bank could see weight up-led inflows to the tune of $690 million.
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Kotak Mahindra Bank shares: CLSA upgrades KMB stock to 'buy' on less-demanding valuations

KMB's valuation premium to ICICI Bank and HDFC Bank has fallen to 10-20 per cent and even if one discounts the CEO transition, some premium for KMB is justified due to higher growth, CLSA said.

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