Kotak Mahindra Bank: The perils of being priced to perfection1 min read . Updated: 20 Jul 2018, 09:05 AM IST
The problem lies in Kotak Mahindra Bank's valuation, whichat a one-year forward price-to-book multiple of 5.23 times (stand-alone)makes it one of the most expensive banking stocks
The Kotak Mahindra Bank Ltd stock was punished after its June quarter results were announced. The stock plummeted nearly 4% intraday on the National Stock Exchange (NSE) and ended Thursday’s session down 3.8% in a flat market.
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