Kotak
Mahindra Bank’s stock is currently experiencing a positive trend, with several
analysts maintaining bullish outlooks for the near to medium term.
Analyst
Ratings & Price Targets :-
- ICICI
Securities has reiterated a “Buy” rating with a revised target price
of ₹2,500, up
from ₹2,107,
citing strong loan growth and improving asset quality.
- Sharekhan
also maintains a “Buy” rating with a target of ₹2,500,
highlighting the bank’s stable asset quality and growth prospects.
- Motilal
Oswal recommends a “Buy” with a ₹2,500 target, supported by the
bank’s diversified business model and strong subsidiary performance.
- Citi group
has upgraded the stock to “Buy” with a ₹2,070 target, driven by robust loan
growth and improving delinquency trends.
Financial Performance Highlights :-
- Net Interest
Income (NII) for Q3FY25 increased by 9.8% year-on-year, reaching ₹71,963
million. Pre-Provision Operating Profit (PPOP) grew 13.5% YoY to ₹51,810
million.
- Net Profit
After Tax (PAT) for Q3FY25 stood at ₹33,048 million, marking a 10.0% YoY
increase.
Market Considerations
Despite the
positive outlook, analysts caution that broader market volatility, influenced
by geopolitical tensions, could impact stock performance. However, Kotak
Mahindra Bank is considered a relatively safer investment within the banking
sector.
In summary, Kotak Mahindra Bank’s stock is on an upward trajectory, supported by strong financial performance and positive analyst ratings. Investors with a medium to long-term horizon may consider accumulating the stock, keeping in mind the potential for continued growth and the broader market environment.
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