Kotak Mahindra Bank's promoter Uday Kotak today sold 1.8 crore shares of the private sector lender for a little over Rs 1,687 crore, bringing down his stake to below 30 per cent to meet the RBI directive.
Ashwani Gujral, ashwanigujral.com is of the view that one can sell Ceat and Sun Pharmaceutical Industries and buy Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Kotak Mahindra Bank and GMDC and sell Sun TV.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
Meanwhile, many ATMs may remain closed for software updates as they are seen as being vulnerable since almost all of them are run on Windows software. Also, over 60 percent of the total 2.25 lakh ATMs in the country operate on the outdated Windows XP.
Rahul Shah, Associate VP at Motilal Oswal is of the view that one can buy Kotak Mahindra Bank, Godrej Industries and NMDC.
Sudarshan Sukhani of s2analytics.com suggests buying Hexaware Tech, Godrej Consumer Products and India Cements.
Sandeep Wagle of powermywealth.com recommends buying Kotak Mahindra Bank.
The bank is pricing about 62 million new shares at 936 rupees each after earlier setting a 930-936 rupees indicative range, putting the total deal at 58 billion rupees ($901 million), said IFR, a Thomson Reuters publication.
The bank plans to issue 6.2 crore shares for Rs 913.24 per share on the issue day as May 11.
Kotak Mahindra Bank is likely to launch a qualified institutional placement (QIP) this week to raise Rs 5370 crore, reports CNBC-TV18’s Nisha Poddar quoting sources
Yogesh Mehta of Motilal Oswal recommends buying Kotak Mahindra Bank, Bajaj Finance and Britannia Industries.
Bharti Airtel | Dena Bank | Titagarh Wagons | Jubilant Life | Kotak Mahindra Bank | Future Enterprise | Cholamandalam Investment | Vijaya Bank and Arcotech are stocks, which are in news today.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Consultancy Services, HCL Technologies, Kotak Mahindra Bank and Rural Electrification Corporation and advises selling Vedanta and Zee Entertainment Enterprises.
Axis Direct recommended hold rating on Kotak Mahindra Bank with a target price of Rs 965 in its research report dated May 04, 2017.
Sudarshan Sukhani of s2analytics.com suggests buying PSU banks on dips and feels that ICICI Bank may head to Rs 350 while one can also buy Britannia Industries.
Cabinet on Wednesday approved the promulgation of an ordinance to amend the Banking Regulation Act.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Kotak Mahindra Bank, Bajaj Auto, Gujarat State Petronet and Sharda Cropchem and can sell SAIL.
Kotak Mahindra Bank (KMB) today said the newly launched 811 digital banking platform has received huge response and the service would help the bank in doubling its customer base in the next 18 to 24 months.
ICICI Direct recommended hold rating on Kotak Mahindra Bank with a target price of Rs 950 in its research report dated April 28, 2017.
Several banks reported higher bad loans — a pain point for the industry which has been battling slowdown in economic activity and stalled projects over the past two years.
Edelweiss recommended hold rating on Kotak Mahindra Bank with a target price of Rs 896 in its research report dated April 27, 2017.
Motilal Oswal is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated April 28, 2017.
Analysts tracking the stock, though retained their positive calls, but largely held on to their target price.
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities suggests buying Muthoot Finance and Power Grid Corporation.