On October 27th the share price of Kotak Mahindra Bank added 5 per cent because there was a profit in September quarter.
Let’s see what the brokerages have to say:
Prabhudas Lilladher: There is a total of approximately 27 per cent of growth which can be seen and it is a no shock because it’s one of the largest bank in India.
A strong hike was shown as of many reasons some of them were higher income, fees were recovered within time.
LKP Research: Kotak Mahindra Bank has shown some good progress on the things which they wanted to improve.
They also said that the bank should grow in near future.
Sharekhan: The stock has seen some good corrections of almost by 19 per cent and also said that risk is favourable.
Dolat Capital: There is a huge risk in investment because of the weak growth which happened but now some promising reasons can be seen.
Motilal Oswal: Kotak has reported a good quarter which was expected as the bank has a very good reputation.
There is good progress for the bank but however, some things to be improved upon the macro environment is a little bit weak.
Competitive positioning should also be a factor on which the bank should look upon.
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