Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news

Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news

Kotak Mahindra Bank shares fell 4% to hit a fresh 52-week-low of Rs 1,561 on Thursday after the private lender delivered the bad news of the resignation of Joint Managing Director KVS Manian. Domestic brokerage Nuvama has downgraded the stock to reduce from buy. Kotak shares had ended last week 10% weaker after RBI restricted … Read more

Technical Stock Pick: Contra Buy! What does the 3-dip pattern tell about Kotak Mahindra Bank price movement?

Technical Stock Pick: Contra Buy! What does the 3-dip pattern tell about Kotak Mahindra Bank price movement?

Kotak Mahindra Bank Ltd, part of the private banking space, has fallen over 11% from May 2023 highs but it has bounced back from crucial support and the upmove could extend towards 2000 levels. Short-to-medium-term traders can look to buy the stock on dips towards 1800-1850 levels, suggest experts. The stock hit a 52-week high … Read more