Moneycontrol PRO
Open App
you are here: HomeNewsBusiness

Buy Kotak Mahindra Bank; target of Rs 2550: ICICI Direct

ICICI Direct is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2550 in its research report dated October 27, 2021.

October 28, 2021 / 02:19 PM IST


  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Kotak Mahindra Bank

Kotak Mahindra Bank (KMB) is a powerful banking franchise, with promoter stake at 26% and strong promoter led management. It has a presence across the financial services value chain. CASA forms 60.6% of total deposits aiding lower costs Strong RoA of 1.8%and RoE of 12-13% make it a good profitable bank


We stay positive on fundamentals expecting healthy business growth ahead. Thus, we maintain our BUY rating We value standalone bank at ~4.5x FY24E ABV and subsidiaries at Rs 523 post holding company discount giving SOTP target of Rs 2550

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Oct 28, 2021 02:19 pm
ISO 27001 - BSI Assurance Mark