Time period given by analyst is Intra Day when Kotak Mahindra Bank Ltd. price can reach defined target.
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 356882.27 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 14834.99 Crore, up 9.15 % from last quarter Total Income of Rs 13591.41 Crore and up 9.54 % from last year same quarter Total Income of Rs 13542.43 Crore. The bank reported net profit after tax of Rs 2601.67 Crore in latest quarter.
Investment Rationale
Price rebound taking support at 200 day EMA and previous lows
Promoter/FII Holdings
Promoters held 26.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 42.2 per cent, DIIs 15.3 per cent and public and others 16.5 per cent.
