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Kotak Mahindra Bank shares in focus on CEO transition; Here's why Nomura still says 'buy'
In a note on Monday, Nomura said that the CEO transition is unlikely to alter Kotak Mahindra Bank's strategic direction. Therefore, it maintained its "buy" rating on the lender with a price target of ₹460.
Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Markets poised for a cautious start as GIFT Nifty trades flat
Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered by stable geopolitical conditions and robust foreign investment.
Nifty has more room to run; stay selective: Analysts
Indian stock markets are showing cautious optimism, with the Nifty eyeing the 24,300-25,000 zone amid ongoing volatility. Analysts recommend selective trading and specific strategies like a moderately bullish Call Spread. Top stock picks include TVS Motor, Samvardhana Motherson International, Oberoi Realty, Aurobindo Pharma, Vijaya Diagnostic Centre, and Mahindra & Mahindra Financial Services, each presenting unique buying opportunities with defined targets and stop losses.
Nifty Faces Strong Resistance At 24,500, Sensex May Climb Towards 79,000 If Bullish Momentum Continues - IBTimes India
Nifty Faces Strong Resistance At 24,500, Sensex May Climb Towards 79,000 If Bullish Momentum ContinuesIBTimes India
Trade Setup For June 29: Nifty Bulls Eye 24,200 Breakout To Maintain Positive Momentum
Nifty on the charts for Monday.
Stocks to Watch for June 29: HDFC Bank, Kotak Mahindra Bank, Dr Reddy’s and more
After an extended weekend, Dalal Street returns to a packed corporate news flow. From IRFC's successful OFS and Power Grid's fundraising plans to fresh developments at HDFC Bank, KEC International, Aurobindo Pharma and Bajaj Healthcare, here are the stocks likely to remain in focus on Monday.
Nifty Outlook for June 29: 24,200 remains key hurdle as quarter ends and updates begin
The Nifty opened more than 100 points higher and climbed to an intraday high of 24,261 during the first half. However, selling pressure emerged later in the day, erasing over 200 points from the day's peak as investors booked profits ahead of the extended weekend.
Passive investing explosion: DSP’s Anil Ghelani predicts ETFs, index funds will command 30% of mutual fund industry
Passive investing is gaining rapid traction in India, with DSP’s Anil Ghelani projecting ETFs and index funds to grow from 17% to 30% of mutual fund assets within five years. The shift reflects changing investor behaviour, with passive strategies forming core portfolios and active funds playing a selective, high-alpha role.
Kotak Mahindra Bank begins search for next CEO as Ashok Vaswani plans exit
Kotak Mahindra Bank has begun its CEO succession process after Ashok Vaswani decided not to seek another term. Sources told CNBC-TV18 the lender had informed the RBI of Vaswani's decision a few weeks ago and is likely to submit a three-member shortlist, comprising both internal and external candidates.
Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successor
In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment for personal reasons. The bank, recognized as India's fourth-largest private lender, is now actively seeking a new leader to chart its path ahead. This transition will undoubtedly redefine the bank's direction as it enters a new era.
Ashok Vaswani to step down as Kotak Mahindra Bank CEO after 31 December
Kotak Mahindra Bank has initiated the process for the appointment of a new MD and CEO.