Kotak Mahindra Bank is a private sector company that was listed on NSE on 20 December 1995, the stock price as on 1999 was about Re.1 per share and as the bull run began it climbed to Rs.719 by January 2008, this is about 719 times returns. Following the stock chart we see that there is long term bullish outlook for KOTAKBANK and we are only looking for the buying opportunity as long the price action is above the 425 level. So investors should look for long positions above the 430 level for the targets as 470 and then 525 level. We would also advice investors to place the stop loss below 420 level these levels are based on closing basis and not on the trading basis. The leading technical indicators are suggesting to enter only long positions.
Fundamental Outlook of Kotak Bank:
Fundamentally this stock is trading at PE of 16, the market cap of this company is around 25,000 crore. Interest rates hike affects the major performance of this bank.
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