AgenciesICICI Direct has buy call on Kotak Mahindra Bank with a target price of Rs 1749. The current market price of Kotak Mahindra Bank is Rs 1730.5. Time period given by analyst is Intra Day when Kotak Mahindra Bank price can reach defined target. ICICI Direct recommended to keep stop loss at Rs 1707.
Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 341815.26 Crore).
Kotak Mahindra Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 18481.46 Crore, up 5.53 % from last quarter's Total Income of Rs 17513.02 Crore and up 30.37 % from last year same quarter Total Income of Rs 14176.16 Crore. The bank has reported net profit after tax of Rs 3995.05 Crore in latest quarter.
Investment Rationale
Falling trendline breakout and price close above 20 day EMA and last two weeks range signaling further upward momentum.
Promoter/FII Holdings
Promoters held 25.95 per cent stake in the company as of 31-Dec-2022, while FIIs owned 40.9 per cent, DIIs 19.86 per cent.
Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 341815.26 Crore).
Kotak Mahindra Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 18481.46 Crore, up 5.53 % from last quarter's Total Income of Rs 17513.02 Crore and up 30.37 % from last year same quarter Total Income of Rs 14176.16 Crore. The bank has reported net profit after tax of Rs 3995.05 Crore in latest quarter.
Investment Rationale
Falling trendline breakout and price close above 20 day EMA and last two weeks range signaling further upward momentum.
Promoter/FII Holdings
Promoters held 25.95 per cent stake in the company as of 31-Dec-2022, while FIIs owned 40.9 per cent, DIIs 19.86 per cent.
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