Kotak Bank shares plunge post Q2, new CEO & MD’s appointment. Should you buy, sell or hold?

Kotak Bank shares plunge post Q2, new CEO & MD’s appointment. Should you buy, sell or hold?

Shares of Kotak Mahindra Bank fell 2.6% to the day’s low of Rs 1,722.45 on the NSE on Monday amid downgrades and price target cuts by a clutch of top brokerages following the lender’s September quarter earnings and appointment of an external CEO & MD against expectations of an internal one. The stock was the … Read more

Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years

Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years

MUMBAI – The Reserve Bank of India has approved the appointment of Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays … Read more

Banking and Financial Services players likely vanguards of next surge

Banking and Financial Services players likely vanguards of next surge

Mumbai: In the event of substantial selling pressure, especially in midcap and smallcap stocks, one can contemplate buying large-cap banking or finance stocks, which could minimize downside risks, according to analysts. Both the Nifty Bank and Nifty Financial Services indices have underperformed the broader Nifty index in six months. Stocks such as HDFC Bank, Kotak … Read more

Big movers on D-Street: What should investors do with Kotak Mahindra Bank, IDFC First Bank and Nazara Tech?

Big movers on D-Street: What should investors do with Kotak Mahindra Bank, IDFC First Bank and Nazara Tech?

Benchmark equity indices Sensex and Nifty rallied for the second straight session on Monday. The BSE benchmark Sensex climbed 240 points to settle at 65,628, while Nifty rose 93 points to end at 19,528.80. Stocks that were in focus included names like Kotak Bank, which fell 0.37%, IDFC First Bank, which gained 5.78%, and Nazara … Read more

Sustaining above 19,500 can take Nifty higher: Analysts

Sustaining above 19,500 can take Nifty higher: Analysts

Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Benchmark equity indices Sensex and Nifty ended almost flat in a see-saw trade on Tuesday as investors traded cautiously, awaiting cues from the US Federal Reserve’s policy stance. Foreign fund outflows and elevated levels of crude oil prices also weighed on investor sentiment, traders said. Nifty ended below 19,700 levels after inching very close to … Read more

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Indian equities ended on a weak note in a volatile trade for the second trading session in a row on Monday. The sharp decline in heavyweights including RIL, ITC and Kotak Mahindra Bank dampened the sentiment on the D-Street. Nifty ended at 19,672, down 73 points. Furthermore, markets have turned anxious ahead of the FOMC … Read more

Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts

Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts

The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation. Sizeable block deals … Read more

Nifty eyes 20,000: How far can bulls steer index beyond this magical mark?

Nifty eyes 20,000: How far can bulls steer index beyond this magical mark?

Taking inspiration from Chandrayaan-3, Nifty50 has skyrocketed into uncharted territory. Amid strong optimism in the market, Nifty50 just scaled the 19,900 mark, but many are eagerly awaiting the next big target – the magical 20,000 figure. In just 15 sessions, the NSE flagship index has rallied nearly 900 points from the 19,000 level, hit on … Read more