Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 379430.02 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
Higher base at 100 days EMA and 80% retracement of previous up move (1696- 2049), thus provides favourable risk reward set up.
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.
