TOday Kotak has decided that ITC should open at 190 despite the fact that the stock actually opened at 184. Kotak has thence calculated and come to the conclusion that this means that the ITC stock has dropped 3% today. The last couple of transactions also seem to have been done in the 188-189 range.
Surprisingly, the stock price of Kotak Bank, the company that owns Kotak Securities, breached the Rs 1000 mark today, a 170% increase in its stock price in a year. If it isn't quality that is driving their stock price, then what really is?
