Uday Kotak exit effect! Kotak Mahindra Bank stock cheaper than Covid lows
Wed, Oct 18, 2023 11:52 AM

Uday Kotak exit effect! Kotak Mahindra Bank stock cheaper than Covid lows

A Flip by Shubhangi Gupta
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The sudden exit of billionaire founder Uday Kotak as MD and CEO at Kotak Bank has caused investors to worry about management confusion. This has caused the valuations to fall below Covid lows, while premiums to ICICI and HDFC Bank have narrowed to 13%. Analysts have suggested an internal successor for a smooth transition and clarity on management changes/ board will support re-rating.

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