Brokerages retain ratings, target prices for Kotak Mahindra Bank despite Uday Kotak’s exit
Uday Kotak`s resignation from the helm of affairs at Kotak Mahindra Bank seems to have little impact on the stock with most brokerages maintaining their target prices and ratings unchanged. Jefferies India has retained its ‘buy’ tag on the stock and kept the target price at Rs 2,400. Macquarie, too, stuck to its ‘neutral’ rating …