Anu Jain, VP-IIFL Private Wealth Management at India Infoline is of the view that Kotak Mahindra Bank can test Rs 820.
Jain told CNBC-TV18, "Yesterday despite the fall that we saw towards the end of the market, Kotak Mahindra Bank stayed to the levels of Rs 723 that we are taking about, it did go over it right upto Rs 735 and then went down. The fact that it’s staying positive in markets like that. I am quite confident that this is going to go to the targets set out by me in the next one month which is about Rs 820. Today it can scale upto about Rs 747-748 and I won’t be surprised even if it reaches Rs 760. I am quite confident about this sector and I feel that this is probably just trying the patience but if the market momentum stays into it, I think this is definitely going through.”
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