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Stock Of The Day: Kotak Mahindra Likely To Recoup 2024 Losses With Citi's 'Buy' Bet With 15% Upside
Kotak Mahindra shares were upgraded to 'buy' by analysts at Citi while opening a 90-day positive catalyst watch.
02 Jan 2025, 11:06 AM IST 
Kotak Mahindra shares rose as much as 2.65% on Thursday. (Photo source: Vijay Sartape/ NDTV Profit)
Shares of Kotak Mahindra Bank Ltd.—which remained volatile throughout 2024—are set for a 15% upside to their two-year high, according to Citi Research, on sustained growth momentum in loans.The private lender's stock remained rangebound since late October and currently tests the resistance of Rs 1,828 level, which is also near a 2-standard deviation above the 14-day moving average. A breakout of this zone could send the stock higher ...
