has buy call on Kotak Mahindra Bank with a target price of Rs 2140. The current market price of Kotak Mahindra Bank Ltd. is Rs 1956.
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 387609.39 Crore).
Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 5510.55 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1284.58 Crore (.00% of total assets). For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 5397.88 Crore, down -1.37 % from last quarter Interest Income of Rs 5473.08 Crore and down -12.90 % from last year same quarter Interest Income of Rs 6197.23 Crore. The bank reported net profit after tax of Rs 2575.74 Crore in latest quarter.
Investment Rationale
Strong buying demand emerged from the previous breakout area, supported by faster retracement as four weeks decline (2027-1696) was completely retraced in just one week
Promoter/FII Holdings
Promoters held 26.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 42.2 per cent, DIIs 15.3 per cent and public and others 16.5 per cent.
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 387609.39 Crore).
Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 5510.55 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1284.58 Crore (.00% of total assets). For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 5397.88 Crore, down -1.37 % from last quarter Interest Income of Rs 5473.08 Crore and down -12.90 % from last year same quarter Interest Income of Rs 6197.23 Crore. The bank reported net profit after tax of Rs 2575.74 Crore in latest quarter.
Investment Rationale
Strong buying demand emerged from the previous breakout area, supported by faster retracement as four weeks decline (2027-1696) was completely retraced in just one week
Promoter/FII Holdings
Promoters held 26.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 42.2 per cent, DIIs 15.3 per cent and public and others 16.5 per cent.
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