Stock market analyst Ramesh Arora has maintained 'buy' rating on Kotak Mahindra Bank stock with a target of Rs 870.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 842.

Today, the stock of the company opened at Rs 850 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 878 and a low of Rs 698.60 on BSE.

Current EPS & P/E ratio stood at 39.56 and 21.38 respectively.

Asiamoney study has ranked Kotak Mahindra Bank as the Best Local Cash Management Bank in the country.

The Bank was named as the best local cash management banking institution by businesses with twelve monthly sales turnover of below or equal to USD 500 million.

Kotak Mahindra Bank, one of the country's major private banking institutions, has fortified its attendance in Kerala with the launching of its first division in Kozhikode.

This is fourth division of the bank in the state.

The other three branches are situated in Kottayam, Kochi and Thrivananthapuram.

The event also marked the introduction of Kotak NRI Credit Card, especially planned for the Bank's NRI clients.

Presently, Kotak Mahindra Bank has a branch network of 263 divisions and 555 plus ATMs at 152 Indian locations.