Stock Radar: Why is Kotak Mahindra Bank hitting fresh 52-week highs? What should investors do?
Kotak Mahindra Bank has broken out from a multi-year consolidation, hitting a 52-week high of Rs 2,050. Experts suggest a target of Rs 2,180-2,198 in the next 1-2 months. The stock has bullish momentum, trading above key moving averages and showing strong buying interest, supported by RSI and MACD indicators.