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Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said
Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top LosersEquitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,050 | Kotak Mahindra & HCL Tech Top LosersEquitymaster
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 29 June
Indian benchmark indices opened mixed following a significant weekly winning streak. The Nifty 50 showed little change, while the BSE Sensex dipped slightly. Investors are cautious amid geopolitical tensions, with attention on US-Iran diplomatic efforts.
Kotak Mahindra Bank Shares Fall 3% After CEO Ashok Vaswani's Exit Plan
Kotak Mahindra Bank share price slipped as much as 2.79% to Rs 397.6 apiece.
Kotak Mahindra Bank Shares In Focus: Brokerages Stay Bullish On 'Surprise' CEO Exit - Should You Buy?
CLSA, Jefferies, Morgan Stanley and Citi reiterated their positive ratings on Kotak Mahindra Bank after the lender announced its CEO transition.
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.
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.
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.