BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
JP Morgan upgrades Kotak Mahindra Bank to overweight
Earnings per share revised up by 15 per cent for FY15 and 25 per cent for FY16. Loan growth is taking off after significant consolidation. New target implies price/book of 3.5 times and price earnings of 21.6 times FY16 earnings. Revenues can be further enhanced by multiple drivers of fees.