Buy, Sell or Hold: Morgan Stanley maintains buy on Kotak Bank; Goldman Sachs retains sell on DMart

Brokerages are selectively approaching the market. Morgan Stanley is positive on Kotak Mahindra Bank due to strong earnings and attractive valuations. They maintain a neutral stance on Hindustan Unilever despite steady demand. Goldman Sachs remains cautious on Avenue Supermarts, citing demand sustainability and valuation concerns. The focus is on earnings visibility and balance sheet strength.