Investec maintained a buy rating on Kotak Mahindra Bank with a target of Rs 2300. Liabilities momentum has improved and the net interest margins (NIMs) are likely to remain elevated. The asset quality remains best in class, and the brokerage firm believes that the bank’s NIMs should stabilise above 5%.
BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares