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You are here : IndiaNotes >> Research & Analysis >> Companies >> Kotak Mahindra Bank Ltd. >> Research

Reliance Securities Market Lens (14 Dec 17)

Reliance Securities | 14 Dec, 2017  | Follow Author | Add to my Favourites 
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Kotak Mahindra Bank closed 1.5% higher outperforming benchmark NIFTY index by 2% along with sharp surge in volume.Valuing standalone entity at 4xFY19E adjusted BV and expecting subsidiaries to fetch Rs257/share after deducting holding company     discount of 15%, we maintain our BUY recommendation on the stock with an unrevised Target Price of Rs 1,144.


For today’s trade, long position can be initiated at 835-840 for target of Rs 903 with a strict stop loss of Rs 812.

Intraday Picks


For today’s trade, long position can be initiated at Rs 166-164 for target of Rs 174 with a strict stop loss of Rs 162. Traders are advised to avoid early morning whipsaw.


For today’s trade, short position can be initiated at Rs 719-723 for target of Rs 701 with a strict stop loss of Rs 727. Traders are advised to avoid early morning whipsaw.

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1,040.45 -11.15
1,039.75 -13.30
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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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