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 364822.26 Crore).
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 12799.59 Crore, down -20.87 % from last quarter Total Income of Rs 16175.87 Crore and up 3.87 % from last year same quarter Total Income of Rs 12323.15 Crore. The bank reported net profit after tax of Rs 1806.09 Crore in latest quarter.
Investment Rationale
Cusp of breakout above last five months range (1845-1626) and a higher base at the 52-week EMA.
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.
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