Stock market analyst Kunal Saraogi is of the view that investors can `hold' Kotak Mahindra Bank Ltd stock with target of Rs 830.

According to analyst, the investors can purchase the stock with stop loss of Rs 714.

Today, the stock of the bank opened at Rs 759 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 878 and a low of Rs 550 on BSE.

Current EPS & P/E ratio stood at 37.55 and 20.11 respectively.

Private sector lender Kotak Mahindra Bank made announcement about the opening of 10 more divisions in five states including Uttar Pradesh, Haryana, Rajasthan, Delhi and Maharashtra.

With the opening of new arms, the bank has now presence in three new states (UP, Rajasthan and Haryana).

For the March 2010 ended quarter, Kotak Mahindra Bank's net profit increased by 97% to Rs 203 crore.

Bank's other income grew by 115% to Rs 252 crore from Rs 117 crore last year.

The bank's directors have declared a dividend of 8.5% on a face value of Rs 10 for the just ended fiscal.

The directors also planned to subdivide the face value of bank's equity shares from Rs 10 per share to Rs 5.