What’s worrying Kotak Mahindra Bank investors
- The bank’s September quarter results announced recently do little to boost investor sentiment.
Kotak Mahindra Bank Ltd’s shares have lagged broader markets. In the past one year, the stock has declined by 15%, while the Nifty Bank index has dropped 1%. Analysts reckon the valuations of the stock were pricey to start with. Second, the impending management change is said to be an overhang for the stock.