Stay updated with the latest news and articles about Kotak Mahindra Bank share price.
Brokerage firm Nuvama has downgraded Kotak Mahindra Bank's stock to Reduce from a Buy rating earlier and has slashed its target price by 27% from the earlier target of Rs 2,095.
Kotak Mahindra Bank shares hit a 10% lower circuit in trade today morning. As of 10:00 AM, the stock was down 9.93% or Rs 183.05 at Rs 1,659.75.
Kotak Mahindra Bank share price made a morning low of Rs 1,658.55 and was down 9.2% at Rs 1,671.60 at 9:20 AM on the NSE. The decline comes in following the RBI action on the bank and cautious brokerage commentary.
Brokerage firm Jefferies turns cautious on Kotak Mahindra Bank stock, cuts its share price target to Rs 1,970 from Rs 2,050 post the RBI action.