Kotak Mahindra Bank shares slip despite ₹4,027cr profit, up 13%
NewsBytes | May 4, 2026 2:39 PM CST
Shares hit low ₹363, brokerages split
Shares hit a low of ₹363 before recovering slightly to trade at ₹375.85, down about 2%, making Kotak one of the day's top losers on Nifty 50.
Brokerages couldn't agree: Morgan Stanley stayed positive with a ₹500 target, BofA liked its asset quality and margins (₹460 target), while Macquarie was neutral and Ambit remained cautious due to rising costs.
So, even with good profits, future risks kept everyone guessing.
READ NEXT
-
Vijay Likely To Take Oath As Tamil Nadu CM On May 7: Report
-
Santhosh Nair Accident Death Raises Alarm Over Trauma-Induced Cardiac Arrest - Here's What We Know
-
'Fabulous Result': Ravichandran Ashwin Congratulates Vijay As TVK Emerges Largest Party In Tamil Nadu Elections 2026
-
Nagaland State Lottery Result: May 5, 2026, 1 PM Live - Watch Streaming Of Winners List Of Dear Godavari Sambad Morning Tuesday Weekly Draw
-
TCS Nashik Case: Sheer Khurma & Drinks Laced With Sedatives? SIT Explores New Angles
