( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 8th Mar 2010
Kotak Mahindra Bank.
COMPANY PROFILE
- Kotak Mahindra is one of India's leading financial organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the diverse financial needs of individuals and corporates.
- Kotak banking operations offer a central platform for customer relationships across the group's various businesses. The bank has presence in Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance.
- The group has a net worth of over Rs. 7,100 crore and has a distribution network of branches, franchisees, representative offices and satellite offices across cities and towns in India and offices in New York, London, San Francisco, Dubai, Mauritius and Singapore. The Group services around 6.5 million customer accounts.
Share Holding Pattern :
- Promoter : 48.27 %
- Public : 51.72%
Financial Highlights :
- Kotak Mahindra Bank Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2009 as follows:
- Interest earned of Rs. 1184.70 Crores for the quarter ending on 31-DEC-2009 against Rs. 1127.31 Crores for the quarter ending on 31-DEC-2008.
- Net Profit / (Loss) of Rs. 331.39 Crores for the quarter ending on 31-DEC-2009 against Rs. 130.90 Crores for the quarter ending on 31-DEC-2008.
Technical Overview :
The stock is trading within a broadrange of 650-850 for last 7 months with no clear trend. Recently on Daily Chart the stock is making "Higher Tops & Higher Bottom Formation"& Moving Averages have given Buy signal. Both indicating stock to invest at Cmp 802.90
Support Levels :
- Support 1 : 783
- Support 2 : 754
Stop Loss : 700 on closing basis.
Targets :
- Target 1: 840
- Target 2 : 878
- Target 3 : 970
- Target 4 : 1125
Period : 5 to 6 months.