KotakBank stock long

**Kotak Mahindra Bank Ltd. (KOTAKBANK) Stock Analysis**

**Company Overview:**
Kotak Mahindra Bank Ltd. is a prominent private-sector bank in India, offering a comprehensive range of financial services, including retail banking, corporate banking, investment banking, and wealth management. The bank has established a strong presence in the Indian banking sector, known for its customer-centric approach and innovative financial solutions.

**Fundamental Analysis:**

- **Market Capitalization:** Approximately ₹3.88 trillion. citeturn0search0

- **Price-to-Earnings (P/E) Ratio:** The stock is trading at a P/E ratio of 2.99, indicating a valuation below its book value. citeturn0search8

- **Earnings Per Share (EPS):** ₹45.09, reflecting the bank's profitability. citeturn0search8

- **Return on Equity (ROE):** 14.05% over the past three years, demonstrating efficient use of shareholders' equity to generate profits. citeturn0search3

- **Net Interest Margin (NIM):** Consistently maintained at 4.35% over the past three years, indicating effective management of interest income. citeturn0search3

- **Non-Performing Assets (NPA):** Average Net NPA of 0.45% over the past three years, reflecting strong asset quality. citeturn0search3

- **Capital Adequacy Ratio (CAR):** 20.55%, well above the regulatory requirement, indicating a strong capital position. citeturn0search3

**Technical Analysis:**

- **Current Price:** ₹1,953.05. citeturn0search0

- **52-Week Range:** The stock has traded between ₹1,544.15 and ₹1,994.70 over the past year, indicating moderate volatility. citeturn0search7

- **Support Levels:**
- First Support: ₹1,800.00
- Second Support: ₹1,750.00

- **Resistance Levels:**
- First Resistance: ₹2,000.00
- Second Resistance: ₹2,100.00

- **Breakout Point:** A sustained move above ₹2,000.00 could signal the start of a bullish trend.

- **Retest Levels:** After a breakout above ₹2,000.00, a retest of this level would confirm its strength as new support.

**Recent Performance:**

- **1 Week:** The stock has decreased by 1.06%. citeturn0search6

- **1 Month:** The stock has increased by 2.85%. citeturn0search6

- **6 Months:** The stock has increased by 11.95%. citeturn0search6

**Analyst Ratings:**

- Morgan Stanley has maintained an 'Overweight' rating on Kotak Mahindra Bank, setting a target price of ₹2,290 per share, implying a 17.7% upside potential from the current market price. citeturn0search1

- HSBC has maintained a 'Buy' rating on Kotak Mahindra Bank, raising its target price to ₹2,210 per share, indicating a 13.6% upside potential from the current market price. citeturn0search1

**Conclusion:**
Kotak Mahindra Bank Ltd. exhibits strong financial health with consistent revenue growth, efficient use of equity, and a solid capital position. Technically, the stock is trading near its support level of ₹1,800.00, suggesting potential for further gains if this level holds. Investors should monitor the breakout above ₹2,000.00 and consider the support levels at ₹1,800.00 and ₹1,750.00 for potential entry points.

*Please note that stock market investments carry inherent risks. It is advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*