BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Kotak Mahindra Bank
Kotak Mahindra Bank's Q4 earnings were in-line with estimates. Loan growth at 12 per cent remains strong. Integration with ING Vysya Bank has started yielding results. Kotak Bank is trading at a premium valuation of 3.6 times its FY17 estimated book value, which is justified given the structural improvements in its liability franchise and return ratios post-merger.