Kotak Mahindra Bank Limited
KOTAKBANK.NS
₹398.65
▲ 2.15%
Kotak Mahindra Bank rose 2.15% as investors digested a robust set of June-quarter numbers, with consolidated net profit up 23% to Rs 5,480 crore and standalone profit rising 26% to Rs 4,123 crore. Asset quality improved meaningfully, with gross NPA falling to 1.18% from 1.48% a year ago, even as net advances grew 15% to Rs 5.12 lakh crore and net interest margin softened slightly to 4.53% from 4.65%. The bank also moved to approve terms for senior notes under its $1 billion Euro Medium Term Note Programme, a step toward diversifying its funding base. The stock trades near the middle of its 52-week range of Rs 345-453 at about 26 times earnings, and with a "buy" consensus from 36 analysts, the average target of Rs 462.53 sits above current levels.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| -1.52% | 4.90% | 3.12% | 9.90% |
Analyst Consensus
Average Target Price: ₹462.53 (range ₹380.00 - ₹518.00) based on 36 analysts
Strong Buy: 9
Buy: 20
Hold: 6
Sell: 1
Strong Sell: 0
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