KOTAK BANK - A Value Buying Pick for Long Term Investors?

Symbol - KOTAKBANK

CMP - 1755

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.

This is one among India's top banks.

Currently trading at lowest valuation in last 10 years which makes it a great value buying pick at current levels.

Stock has gone nowhere in last 3.5 years and consolidating in a range.

1700 Level is a long term support. It can be added at current levels and If 1720-1700 comes, can be added more.

Long term targets comes around 2500 level which is almost 50% upside from here.

Trade active

Trade active:

CMP 1835

Trade active:

CMP 1724.

Invested 70% allocation just now.

will add 30% more if 1700-1680 comes.


P.S. : I am sharing my analysis & my investment position. This is not a buy/sell recommendation.

Trade active:

Added 20% more at 1700

Trade active:

CMP 1758

Trade active:

CMP 1760

Trade active:

CMP 1682
added last 30%
Average buying now 1710.

Fully invested now!

Trade active:

CMP 1725

Bounced back from 1670.
Ready to take off!

Trade active:

CMP 1770

Trade active:

CMP 1815

Investment position 105 rupees in profit.