Kotak bank looking strong amidst debris created by volatilityKotak Mahindra Bank Ltd. is the flagship company of the Kotak Group. It is one amongst the fastest growing banks and most admired financial institutions in India. The Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. The principal business activities of the Bank are organised into consumer banking, commercial banking, corporate banking, treasury, and other financial services. Kotak Mahindra Bank Ltd CMP is 1823.6.
The Negative aspects of the company are Declining cash from operations annual, FIIs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects are No debt, zero promoter pledge, MFs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 1833. Targets in the stock will be 1862 and 1886. The long-term target in the stock will be 1909 and 1928. Stop loss in the stock should be maintained at Closing below 1754.
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