Stock market analyst Kunal Sarogi is of the view that investors can buy Kotak Mahindra Bank Ltd stock to achieve a short term target.

According to analyst, the interested investors can buy the stock with stop loss of Rs 750.

Today, the shares of the company opened at Rs 777 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 878 and a low of Rs 625 on BSE.

Current EPS & P/E ratio stood at 39.56 and 19.42 respectively.

During the first quarter, Kotak Mahindra Bank registered an increase of 107% increase net profit, which stood at Rs 187 crore on account of a healthy increase of 24% during its net interest income.

The total income of the bank grew by 18%to Rs1,057 crore during the three month period ended June 2010 as against the previous year's period.

Provisions stood at Rs 56 crore, down 64%, as against the same period of last year.

Kotak Mahindra's net interest margin fell 40 bps to 5.7% in the April-June quarter.

Advances rose 35 per cent to Rs 23,200 crore, while deposits were up 38 per cent at Rs24,100 crore as on 30 June 2010.

Japan's Sumitomo Mitsui Banking Corporation (SMBC) declared that it would make an investment of Rs 1,366 crore for a 4.5%equity stake in Kotak Mahindra Bank.

The selling cost for Kotak shares is 12%.