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.

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.