KMB breaks support as provisions spike, retail turns bearish
Kotak Mahindra Bank plunged 7% after Q1 profit dropped and provisions jumped 109%. It broke key support at ₹2,047; analysts see downside toward ₹1,846-1,722. Asset quality concerns and rising costs weigh on sentiment. Stocktwits shows 'bearish' mood. YTD, Kotak Bank is still up 10.4%.