Kotak Mahindra Bank upside target increased by the brokerages due to its increasing net cash flow for 10%
Kotak Mahindra Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.
In the past five years, the bank has largely been insulated from the troubles in corporate loans, indicating that the risk of a sudden decline in asset quality is very low and the credit-check system is robust. Net cash flow increased with good numbers for the last 2 years. This Good cash flow triggered the brokerage to increase the price target for 10% upside.
Kotak Mahindra is currently trading at 1755.35 and it made a day's high of 1760.00 and a low of 1727.00. Stock appears strong Bullish and will move upwards further in next trading sessions.