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It is best to remain invested in Kotak Mahindra Bank, says Dipan Mehta

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In an interview to CNBC-TV18, Dipan Mehta, Member, BSE & NSE and market expert Mitessh Thakkar shared their reading and outlook on specific stocks and sectors.

In an interview to CNBC-TV18, Dipan Mehta, Member, BSE & NSE and market expert Mitessh Thakkar shared their reading and outlook on specific stocks and sectors.
They spoke at length about Kotak Mahindra Bank, Vedanta, and Kwality.
Dipan Mehta he said, “It is business as usual at Kotak Mahindra Bank, it has been a great wealth creator, secular and structural growth story and the recent turmoil in NBFCs certainly benefits Kotak Bank. They are sitting on huge liquidity and easily would be able to expand their credit book at attractive rates given the kind of scenario which is there in banking industry. If at all the stock corrects because of any adverse news on account of this promoter dilution it will be an opportunity to get into the stock or even average upwards from his price points. I would say it is best to remain invested in Kotak Bank. It has a great track record and going forward also we believe this company can easily grow anyway from 15-20 percent consistently for at least 3-5 years or so.”
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