Stock market analysts are of the view that investors can sell Kotak Mahindra Bank Ltd stock with a target price between Rs 770-760.

According to them, investors can sell the stock below Rs 775 with a strict stop loss of Rs 784.

If the stock fell below Rs 754, it may see more weakness.

Today (Nov 20), the stock opened at Rs 778 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 25.92 and 29.87 respectively. The share price has seen a 52-week high of Rs 835 and a low of Rs 208.05 on BSE.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Kotak Mahindra Bank on Wednesday kicked off its first international representative branch in West Asia in Dubai.

Presently, the bank also has offices in Mauritius, Singapore, Bahrain, London, New York and San Francisco.

In Q2FY10, Kotak Mahindra Bank posted a growth of 68% in its consolidated net profit, which stood at Rs 2.99 billion.

The bank's advances as on Sep. 30, 2009 stood at Rs 267.72 billion recording a surge of 11% as against the consolidated advances worth Rs 240.27 billion during Sept 30, 2008.

Consolidated capital adequacy ratio (CAR) comprising existing quarter profit for H1FY10 according to the Base-lII as on Sept 30, 2009 was 20.7%.

Without current quarter earnings the consolidated CAR as per Basel II stood at 19.2%.

The domestic mutual fund rated fifth among private segment players with the average AUM for Sept 2009 being Rs 362.47 billion as against Rs 182.04 billion for March 31, 2009.