Kotak bank can consolidate and move upwardsKotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business.
Kotak Mahindra Bank Ltd. CMP is 1790.15. The positive aspects of the company are low Valuation (P.E. = 16.5), Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years, Stocks Outperforming their Industry Price Change in the Quarter and Good quarterly growth in the recent results. The Negative aspects of the company are PE higher than Industry PE, Increase in Provisions in Recent Results and Promoter decreasing their shareholding.
Entry can be taken after closing above 1793 Targets in the stock will be 1828 and 1864. The long-term target in the stock will be 1896 and 1928. Stop loss in the stock should be maintained at Closing below 1732 or 1666 depending on your risk taking ability.
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