Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 22 June

Dharmesh Shah of ICICI Securities recommends buying Kotak Mahindra Bank shares in the range of Rs 390-400, with a target of Rs 448 and a stop loss of Rs 372. The recommendation comes amid a broader constructive market setup, with the Nifty 50 having rallied about 1,100 points over five sessions and technicals suggesting a move towards 24,500, while the Bank Nifty versus Nifty 50 ratio is at the cusp of breaking out from a 5-year consolidation targeting 59,300. On Friday, the Sensex dropped 607.08 points (0.78%) to 76,802.90 and the Nifty 50 declined 154.90 points (0.64%) to 24,013.10, snapping a five-session winning streak.