Kotak Bank Share Price News

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Kotak Mahindra Bank Stock Tumbles Amid RBI Punitive Actions

Subheadline: Bank's Share Price Drops 10% in Early Trade

Kotak Mahindra Bank Limited Stock Price Today Live NSE Share Price

The Kotak Mahindra Bank share price witnessed a significant decline of 10% in early trading on Thursday, triggered by punitive actions taken against the bank by the Reserve Bank of India (RBI). The RBI's measures were prompted by regulatory concerns.

Despite the sharp fall in the stock price, brokerage firms have maintained a neutral stance on Kotak Mahindra Bank. One brokerage has set a target price of Rs 2040 per share, indicating a potential upside of 11%. This positive outlook stems from the bank's strong fundamentals and Aditya Birla Group's reported interest in acquiring a stake in the bank.

Stay tuned to the Kotak Mahindra Bank Stock Liveblog for real-time updates and in-depth analysis of the situation as it unfolds. We provide timely and accurate information to help investors make informed decisions about their investments in Kotak Mahindra Bank Limited.

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