October 4, 2020

MOMENTUM STOCKS TO INVEST FOR SHORT TERM GAINS – I

By Roy

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.

Contents In a Jiffy

Price Chart

Background

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.

Financials

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.

TagsINVESTING KOTAK MAHINDRA BANK SHORT TERM INVESTING TRADING

About The Author

Roy

An aspiring storyteller who is smitten by the stock market and enamoured by the ticker tape.