Kotak Mahindra To Eternal: Five Stocks Defying Gravity Amid Prolonged Nifty Weakness
Kotak Mahindra Bank moved lower.
· NDTV Profit
With the Nifty having fallen for eight straight weeks, investors appear to be favouring companies that continue to demonstrate resilient fundamentals and clear growth catalysts.
The analysis
Against that, the stock is -1.4% on the day at ₹433.90, and has returned +18.3% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -1.7% over the same period, so Kotak Mahindra Bank is running 20.0 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is KOTAKBANK.
- Sector exposure: Banks.
In this story
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