Stock market analyst Avinash Gorakshakar is of the view that investors can hold Kotak Mahindra Bank Ltd stock for 17-18% gains.
According to analyst, the investors can achieve the stock in a period of 12 months.
Today, the shares of the company opened at Rs 755 on the Bombay Stock Exchange (BSE).
Current EPS & P/E ratio stood at 37.55 and 20.48 respectively.
The share price has seen a 52-week high of Rs 878 and a low of Rs 550 on BSE.
Kotak Mahindra Bank inked a deal with Sumitomo Mitsui Banking Corporation, Japan (SMBC) for a preferential issue to SMBC of 16.4 million shares of Kotak that totals to around 4.5% equity stake on a post-issue basis for Rs 1,366 crore.
Kotak Mahindra Bank recorded an increase of 99% in its consolidated net profit, which stood at Rs 4,185.51 million as against Rs 2,106.65 million during the corresponding quarter last year.
The bank's total income grew by 31.95% to Rs 29,453.13 million for the quarter ended March 2010 from Rs 22,321.21 million for the quarter ended March 2009.
On standalone basis, the company's net profit surged 97.42% to Rs 2,025.01 million for the quarter ended March 2010.
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