BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains neutral on Kotak Mahindra Bank
Fourth quarter earnings was better than expectation with a beat on both lending and capital market businesses. Increase consolidated net profit estimate by 3-4 per cent for FY16/17. Current valuations remain high; our neutral stance is more valuation-driven.