Hold Kotak Mahindra Bank Limited and Biocon Limited

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Hold Kotak Mahindra Bank Limited:

 

Kotak Mahindra Bank Limited

 

Kotak Mahindra Bank Ltd has officially announced a consolidated sales of Rs. 5,397.88 Cr for the third quarter finished on 31-12-2020, which is 1.37% down from its previous quarter sales Rs. 5,473.08 Cr and 12.90% down from its previous year same quarter sales of Rs. 6,197.23 Cr. The company has reported net profit after tax of Rs. 2,575.74 Cr in the previous quarter.

Outlook:

Kotak Mahindra Bank Ltd: Experts suggested buy call at current market price: Rs. 1,790.5 with a target price: Rs. 2,000.

Biocon Limited:

Biocon-Logo-Main

 

Biocon Ltd has officially announced a consolidated sales of Rs. 1,851.00 Cr for the third quarter finished on 31-12-2020, which is 6.09% up from its previous quarter sales Rs. 1,744.80 Cr and 5.89% down from its previous year same quarter sales of Rs. 1,748.10 Cr. The company has reported net profit after tax of Rs. 187.40 Cr in the previous quarter.

Outlook:

Biocon Ltd: Experts suggested add call at current market price: Rs. 385.15 with a target price: Rs. 453.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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