Goldman Sachs Lifts Kotak Mahindra Bank Target Price; Citi Backs Strong Q2 Loan Growth
Kotak Mahindra Bank is in focus in a quarterly results development.
· NDTV Profit
According to Citi, the growth beat was supported by continued strength in corporate banking, SME, LAP and MFI segments. The brokerage said the bank delivered a "marked step-up" in balance-sheet momentum.
The analysis
Against that, the stock is -1.4% on the day at ₹433.90, and has returned +18.3% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -1.7% over the same period, so Kotak Mahindra Bank is running 20.0 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is KOTAKBANK.
- Sector exposure: Banks.
In this story
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