Kotak Mahindra Bank shares surge 4% on strong Q2 business update
Kotak Mahindra Bank shares rose over 4% after the lender reported an increase in net advances, CASA, and deposits for the second quarter. Brokerages Citi and Goldman Sachs maintained positive ratings on the stock.
Shares of Kotak Mahindra Bank Ltd. rose more than 4% on Tuesday, October 6, after the lender said its net advances, CASA and deposits increased in the second quarter, according to its business update. Brokerages Citi and Goldman Sachs reiterated their positive view on the stock after the update, with Goldman Sachs maintaining its target price of 6.