Kotak Mahindra Bank shares rise 2% as top Nifty gainer | Is it right time to book profits or wait? Target, stop loss

What happened: Kotak Mahindra Bank shares rose as much as 2% on Monday, ranking among the top Nifty 50 gainers, after the private lender posted earnings growth for Q2 FY27. Key numbers: Shares opened at ₹440.90 versus a previous close of ₹430.50 and hit an intraday high of ₹446.30 on 26 October. Consolidated PAT rose 26% YoY to ₹5,645 crore. Standalone PAT grew 29% YoY to ₹4,212 crore. Why it matters: JM Financial cited the highest LCR of 137% and lowest CD ratio of 88.6% among peers, and raised FY27E/28E EPS by 5%/7%, saying the bank enters FY28E with a long growth runway.

Kotak Mahindra Bank shares rose as much as 2% on Monday, ranking among the top Nifty 50 gainers, after the private lender posted earnings growth for Q2 FY27.

JM Financial cited the highest LCR of 137% and lowest CD ratio of 88.6% among peers, and raised FY27E/28E EPS by 5%/7%, saying the bank enters FY28E with a long growth runway.