Kotak Mahindra Bank Stock: Buy Kotak Mahindra Bank, target price Rs 2304: LKP Securities | Tech US News


A buy call is on with a target price of Rs 2304. The current market price of Kotak Mahindra Bank is Rs.1909.8. The period given by the analyst is one year when. The price may reach the fixed target.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (with a market cap of Rs. 376398.64 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.


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
The brokerage expects KMB’s loan book to grow at a CAGR of ~22% during FY22-24E. At a CMP of ₹1903, the stock is available at 4.1(x) standalone FY24E Adj. BVPS of ₹463. valuing standalone entity with 4.8xFY24E BVPS and valuing subsidiaries at ₹84; It arrives at a target price of ₹2,304 (unchanged). This suggests a BUY rating with a potential upside of 21%

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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