Kotak Bank’s share price broke the record! Continuous rise for 3 days|

Mumbai: Kotak Mahindra Bank’s shares made investors happy today (Monday) too, jumped 5.03% to touch an all-time high of Rs 2189.40! At closing, it settled at Rs 2178.35 with an upmove of 4.51%. On YTD basis, this stock has jumped 21.83%.

What happened in the market today?

Heavy Trading Volume: 2.46 lakh shares dealt on BSE (4x more than 2-wek average)
Turnover: Rs 53.15 crore
Market Cap: Rs 4.33 lakh crore

Technical Indicators:

SMA (5-day to 200-day): Sabse upar
RSI (14-day): 78.67 (Overbought zone)
P/E Ratio: 25.43
P/B Value: 3.91

Experts ki Opinion:

Chakri Lokapriya (RedStrawBerry LLP):
Kotak stock was rangebound since last 2 years. Now bank is showing operational stability.
Investors can start buying in small amounts.”

Vaishali Perekh (Parabhuda Lilladher):
“Set a target of Rs 2200-250 while keeping a trailing stop loss.”

Key financials:

EPS: Rs 85.66
RoE: 15.39%
Beta (1-Year):0.9 (Low volatility)
Promoter Holding: 25.89% (till Dec 2024)

What to expect next?

Short-term target: Rs 2250
Long term Play: Focus on Banking sector recovery
Risk: Correction possible from Overboughts RSI