Eternal: The target price for Zomato's parent company has the highest upside potential in the entire pack. Axis has set TP of Rs 360 for the stock, signalling a 55% jump from its current levels.
As geopolitical tensions disrupt key maritime routes, India faces significant risks across trade, energy, and inflation. In ‘Navigating The Dire Straits,’ a distinguished panel of business leaders examines how India Inc. is responding to this period of global uncertainty. The session features Vibha Padalkar, Managing Director and Chief Executive Officer, HDFC Life Insurance; Sanjiv Mehta, Executive Chairman, L Catterton; Amish Mehta, Managing Director and Chief Executive Officer, Crisil; Shanti Ekambaram, Former Deputy Managing Director, Kotak Mahindra Bank; and Sanjeev Krishan, Chairperson, PwC in India. Moderated by Aabha Bakaya, Senior Editor, Business Today TV, and Sakshi Batra, Senior Associate Editor, Business Today TV, the discussion delves into the impact of disrupted supply chains on India’s economy and the lessons for building resilience. From managing inflationary pressures to diversifying sourcing strategies and strengthening domestic capabilities, the session highlights how leaders are adapting to a rapidly changing world while continuing to drive growth and innovation.
IDFC First Bank Ltd, HDFC Bank Ltd, Kotak Mahindra Bank Ltd and YES Bank have seen steep drop of 14-26 per cent in 2026 so far.
A major financial irregularity has come to light in Haryana, where officials of Kotak Mahindra Bank are accused of embezzling nearly ₹160 crore belonging to the Panchkula Municipal Corporation through the creation of fake fixed deposits. The alleged fraud has triggered serious concerns over banking oversight and public fund safety, with the Haryana government reportedly considering action, including the possible de-empanelment of the bank. Authorities are now investigating how such a large-scale manipulation of funds went undetected. Kamaljit Kaur Sandhu joins with more details on this developing story.
Bank stocks: Nomura retained a ‘Neutral’ rating on AU Small Finance Bank with a lower target price of Rs 915 from Rs 930, and on YES Bank Ltd with the target price cut to Rs 21 from Rs 22.
Axis has named ICICI Bank, Kotak Mahindra Bank, SBI, Federal Bank Ltd, AU Small Finance Bank Ltd, Ujjivan Small Finance Bank Ltd, Shriram Finance Ltd, Bajaj Finance, and Can Fin Homes Ltd as its overall preferred stock picks.
The upmove was led by gains in heavyweight stocks such as HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India (SBI), Larsen & Toubro (L&T), Mahindra & Mahindra Ltd (M&M), Kotak Mahindra Bank Ltd, Bharti Airtel Ltd, Titan, Axis Bank Ltd, Eternal Ltd and Reliance Industries Ltd (RIL), which lifted the benchmarks higher.
An analyst from Anand Rathi said that Kotak Mahindra Bank is trading below all its key moving averages, indicating a clear bearish undertone in the short term.
Bank Nifty tanked 1989.30 pts to 51,437 with all 14 components of the index ending in the red.
As part of the transaction, KMCC will sell a 9.90% stake, equivalent to 2,17,899 equity shares, to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited for ₹413.35 crore.
The sharp decline was led by losses in heavyweight stocks such as HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro (L&T), Axis Bank Ltd, Infosys Ltd, Mahindra & Mahindra (M&M), State Bank of India (SBI), Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel Ltd, Reliance Industries Ltd (RIL) and Maruti Suzuki India Ltd (MSIL), which dragged the benchmarks lower.




