Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1175.25
Change Change %
6.65 0.57%

Updated:19 Nov, 2018, 15:31 PM IST

BSE
1178.00
Change Change %
10.50 0.90%

Updated:19 Nov, 2018, 15:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
12-05-2016 Buy 731.15 900.00
N/A
Target Hit Long (1Y)
12-05-2017

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.

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