BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Macquarie downgrades Kotak Mahindra Bank to neutral
Kotak is now even more expensive than HDFC Bank. It trades at 3.1 times FY16 price/book value and is looking very expensive. Kotak is a good quality bank, but there is a price for everything.