Kotak Mahindra Bank can touch Rs 612: Murlidharan

Murlidharan told CNBC-TV18, "When we get the FII data which comes into the cash market, we are looking at how much exactly comes into banking because there is highest weightage in the Nifty and we segregate that into PSU and private banks as well. So Kotak Mahindra Bank its still positive, although there is some correction which has come in but if you take weighted average price of Rs 542 as a stop loss and keep long on that, I am expecting somewhere close to Rs 612 but that might happen in the August contract as well."