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Kotak Mahindra Bank Ltd gained as much as 4.89 pct to Rs 1,331, highest since December 7.
The stock broke above a resistance at Rs 1,319.1.
A close above the 76.4 per cent level may lead to further price rise up to the next resistance at Rs 1,360.6.
The stock was up 17.3 per cent in the last one year as of Thursday's close, outperforming the broader Nifty nine per cent gains in the same period.
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