After a “Massive Drop”, This Bank Gears up for Mean Reversion By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2024
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Source: Investing.com
- Kotak Mahindra Bank Share Price Drop: The share price of Kotak Mahindra Bank fell by 10.2% due to RBI's directive restricting certain banking activities.
- Potential Buying Opportunity: Despite the drop, the stock may present a buying opportunity based on technical indicators like RSI and strong support levels.
- Undervalued Stock: The stock is considered undervalued with a fair value of INR 1,795.5, indicating a potential upside of 10.6%.
- Analysts' Target Price: Analysts have an average target price of INR 2,029 for the stock, suggesting a positive outlook.
- InvestingPro Discount Offer: InvestingPro is available at a discounted rate of 69% for INR 216/month, providing tools for informed investment decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
