Bank Share: The smiles of the investors of this bank returned, 8 percent jump as soon as the market opened, know how much more it will rise…

Bank Share: Kotak Mahindra Bank shares made a big jump as soon as the market opened on the first day of the trading week. On Monday, within half an hour of opening at Rs 1,879.60, the stock recorded a tremendous rise of 8.72 percent, after which the stock reached Rs 1,911.90. On Friday, January 17, the share closed at Rs 1,758.65.

Motilal Oswal upgrades rating

After the quarterly results of October-December 2024, brokerage firm Motilal Oswal is upgrading its rating on this stock. He says that in the coming time, Kotak Mahindra Bank shares may see a rise of 19 percent.

Rating was neutral for four and a half years (Bank Share)

Brokerage firm Motilal Oswal had kept the rating of Kotak Mahindra Bank shares neutral for four and a half years. But now the target has been increased to Rs 2,100 per share, which was earlier kept at Rs 1,900.

Looking at the results of the third quarter of the current financial year, the brokerage said that the quarterly results reflect strategic foresight. In the results of the third quarter, an increase of 15 percent was recorded in the bank's deposits and advances as compared to the same period last year.

Apart from this, an increase of 10 percent was also recorded in net profit and net interest income on annual basis. 33 have given buy rating to the stock of Kotak Mahindra Bank. Out of 44 analysts, only 5 have asked to sell the share and 6 have asked to hold it.

Apart from this, 33 analysts have given buy rating. Brokerage Jefferies has also maintained its buy rating. Share performance Kotak Mahindra Bank shares registered a return of 9.29 percent in the last five days and 9.66 percent in one month.

However, a compound return of 7.14 percent was recorded in a period of one year. The highest level of the last 52 weeks has been Rs 1 thousand 942 and the lowest level has been Rs 1 thousand 543.85.