Sell Kotak Mahindra Bank, IOC
One must sell Indian Oil Corporation and Kotak Mahindra Bank.
Few analysts believe that one can sell Indian Oil Corporation (IOC) with a stoploss of Rs 393 and target Rs 380.
You must sell Kotak Mahindra Bank with a stoploss of Rs 1019 and target Rs 970.
Kotak Mahindra Bank is known to offer a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
It is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) gave the licence to Kotak Mahindra Finance Ltd., the group’s flagship company, to carry on banking business.