MOMENTUM STOCKS TO INVEST FOR SHORT TERM GAINS – I
KOTAK MAHINDRA BANK
Kotak Mahindra Bank is India’s leading full-service financial conglomerate, dominating the banks, securities and investment banking space. It has an industry-leading CASA ratio of 56.70% and one of the cleanest balance sheets in the banking sector.
- Q1FY21 experienced a steady asset quality performance by the Bank with slippages at Rs. 8 Bn, much lower than its peers. Management indicated that they are observing a steady growth in disbursement MoM after lockdowns were lifted and economic activity resumed.
- About 9.65% of the total loan book is under moratorium 2.0. 80% of customers out of 9.65% in moratorium 2 is secured.
- RSI is showing positive movement and indicating a strong up-move.
Profit and Loss Analysis
All figures are in Rs. Mn
Key Financial Ratios
Note: I am not a SEBI Regd analyst. Kindly consult your financial analyst.