Kotak Mahindra Bank Stock: Buy Kotak Mahindra Bank, target price Rs 2230: MK Global | Tech US News

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MK Global has put on a buy call with a target price of Rs 2230. The current market price of Kotak Mahindra Bank is Rs.1936.55.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs. 385988.28 Crore).

Kotak Mahindra Bank Ltd. Key products/revenue segments include interest and discounts on advances and bills, income from investments, interest on balances with RBI and other interbank funds and interest for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company reported a total revenue of Rs 17513.02 crore, up 50.21% from the total revenue of Rs 11658.94 crore in the previous quarter and 50.21% higher than the same quarter last year. 4.5 crore is 14.15% higher than the revenue of Rs. The bank reported a net profit after tax of Rs 3608.18 crore in the latest quarter.

Investment rationale
Kotak reported a decline in earnings due to improved margins and continued decline in contingent supply, which led to lower LLP, partially offset by higher opex. The bank expects OPEX to remain high on account of investments in branch/technology and administrative services across verticals.


Promoter/FII Holdings
Promoters held 25.97 per cent stake in the company as on 30-Jun-2022, while FIIs held 40.55 per cent, DIIs held 17.28 per cent.

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