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KOTAKBANK Share Price Target
Kotak Mahindra Bank Ltd.
Sector: Banks
Sector: Banks
KOTAKBANK Share Price *
1,616.2 +30.7 (1.94%)
* (quote may be delayed)
KOTAKBANK Share Price Forecast - Consensus
| No. of reports in last year | 29 |
| No. of analysts | 17 |
| Average Consensus Forecast | 1455.55 |
| Consensus Potential | -10.51% |
KOTAKBANK Share Price Target - Broker Reports - 2019
Axis Direct
10-Oct-19
Price @ Call: 1585.92
Target: 1800
BUY
Reliance Securities
26-Jul-19
Price @ Call: 1485.4
Target: 1600
BUY
Outlook & Valuation: KMB has strengthened its liability profile with increased share of granular retail loans and sharp rise in CASA over the years. Moreover, its conservative lending and healthy performance across the asset quality cycles make it a preferred play amidst a not-so-benign operating environment. We expect improving liability profile and improved pricing power to aid the bank’s margin and profitability going forward. Keeping our estimates unchanged for forward years, we maintain our BUY recommendation on the stock with a SOTP-based revised Target Price of Rs1,600 (from Rs1,550 earlier) based on 4.2x FY21E adjusted PBV (4x earlier) and the value of its subsidiaries, implying a FY21 P/ABV of 5.7x.
KRChoksey
24-Jul-19
Price @ Call: 1493.7
Target: 1620
ACCUMULATE
We apply a P/B multiple of 4.8x to the FY20 book value of the parent bank and arrive at a TP of INR 1,620 per share on SoTP basis, an upside of 8.4% over CMP. Since, our last “BUY” rating, the shares of Kotak Bank has advanced 6.4%. We remain positive on the counter and recommend an “Accumulate” rating.
Nirmal Bang
23-Jul-19
Price @ Call: 1453.65
Target: 1676
BUY
We have revised our NII estimates by -1.6%/-4.2%, PPOP estimates by 0.8%/-2.2% and PAT estimates by 1.3%/-1.8% for FY20/FY21, respectively. We have retained Buy rating on KMB and revised our target price to Rs1,676 (from Rs1,751 earlier), valuing the stock at 4.1x FY21E P/BV.
Edelweiss
23-Jul-19
Price @ Call: 1453.65
Target: 1632
BUY
Kotak Mahindra Bank (KMB) delivered a steady Q1FY20, reinforcing our view that its earnings momentum would sustain in spite of the challenging environment. Key highlights: a) Growth momentum softened due to lower growth in corporate/business banking (cautious stance) and below-trend vehicle finance growth (slow underlying sales). b) That said, an improving NIM profile (returns consciousness) supported 20%-plus YoY NII growth. c) The continued focus on building up the stable and low-cost franchise is evident from CASA growth of 20%-plus YoY (contrary to softening trend at peers) and suggests it is priming for growth. Given KMB’s: a) best-in-class liability franchise (CASA ratio of >50%); b) marginal stress baggage—GNPL at 2.19%; and c) strong capitalisation (tier-1: >17%), a strong foundation is in place to capture emerging opportunities. Key variables: the roadmap for reduction in promoter shareholding. Maintain ‘BUY’ with a revised SoTP of INR1,632 (rolling forward by one quarter; earlier INR1,576).
Investec Securities
20-May-19
Price @ Call: 1460.7
Target: 1650
BUY
Reliance Securities
19-May-19
Price @ Call: 1442.97
Target: 1550
BUY
Despite a challenging environment on the liabilities front, KMB has managed to improve its CASA share with most of the growth coming from the granular sources. Given its conservative lending and healthy performance across the asset quality cycle, KMB will continue to be one of the preferred plays amidst a not-so-benign operating environment for banks. Clarity on dilution in promoters’ holding is awaited, which could be a near-term overhang for the stock. At CMP, the stock trades at 4.9x FY21E. We maintain our BUY recommendation on the stock with an SOTP-based revised Target Price of Rs1,550 (from Rs1,500 earlier) based on 4x FY21E adjusted PBV and the value of its subsidiaries, implying a FY21 P/ABV of 5.5x.
HDFC Securities
3-May-19
Price @ Call: 1423.41
Target: 1481
BUY
ICICIdirect.com
2-May-19
Price @ Call: 1387.05
Target: 1500
HOLD
Dolat Capital
2-May-19
Price @ Call: 1404.13
Target: 1550
ACCUMULATE
Nalanda Securities
2-May-19
Price @ Call: 1404.13
Target: 1554
BUY
AUM Capital
11-Mar-19
Price @ Call: 1243.09
Target: 1440
BUY
Indiabulls Ventures
13-Feb-19
Price @ Call: 1298.6
Target: 1436
BUY
Karvy Stock Broking
23-Jan-19
Price @ Call: 1291.6
Target: 910
SELL
Reliance Securities
23-Jan-19
Price @ Call: 1291.6
Target: 1390
BUY
Nirmal Bang
23-Jan-19
Price @ Call: 1282.11
Target: 1559
BUY
Edelweiss
22-Jan-19
Price @ Call: 1267.3
Target: 1446
BUY
Motilal Oswal
22-Jan-19
Price @ Call: 1267.3
Target: 1350
NEUTRAL
HDFC Securities
22-Jan-19
Price @ Call: 1267.3
Target: 1400
BUY
ICICIdirect.com
22-Jan-19
Price @ Call: 1267.3
Target: 1400
HOLD
Geojit Financial Services
18-Jan-19
Price @ Call: 1234.53
Target: 1342
HOLD
KOTAKBANK Share Price Target - Broker Reports - 2018
ICICIdirect.com
17-Dec-18
Price @ Call: 1255.25
Target: 1400
BUY
HDFC Securities
25-Oct-18
Price @ Call: 1177.3
Target: 1377
BUY
ICICIdirect.com
25-Oct-18
Price @ Call: 1177.3
Target: 1400
BUY
KRChoksey
25-Oct-18
Price @ Call: 1177.3
Target: 1461
BUY
Nalanda Securities
25-Oct-18
Price @ Call: 1177.3
Target: 1371
BUY
JM Financial
25-Oct-18
Price @ Call: 1177.3
Target: 1300
BUY
Dolat Capital
24-Oct-18
Price @ Call: 1177.75
Target: 1325
ACCUMULATE
Prabhudas Lilladher
24-Oct-18
Price @ Call: 1177.75
Target: 1291
HOLD
KRChoksey
30-Aug-18
Price @ Call: 1287.55
Target: 1544
BUY
Edelweiss
3-Aug-18
Price @ Call: 1281
Target: 1421
BUY
ICICIdirect.com
3-Aug-18
Price @ Call: 1281
Target: 1490
BUY
ICICIdirect.com
23-Jul-18
Price @ Call: 1333.45
Target: 1490
BUY
KRChoksey
23-Jul-18
Price @ Call: 1333.45
Target: 1526
BUY
Motilal Oswal
20-Jul-18
Price @ Call: 1350.25
Target: 1400
NEUTRAL
Edelweiss
20-Jul-18
Price @ Call: 1350.25
Target: 1421
BUY
IIFL
20-Jul-18
Price @ Call: 1350.25
Target: 1516
BUY
HDFC Securities
20-Jul-18
Price @ Call: 1350.25
Target: 1378
BUY
Reliance Securities
20-Jul-18
Price @ Call: 1342.38
Target: 1497
BUY
Prabhudas Lilladher
19-Jul-18
Price @ Call: 1368.69
Target: 1398
HOLD
Phillip Capital
19-Jun-18
Price @ Call: 1314.05
Target: 1545
BUY
KRChoksey
2-May-18
Price @ Call: 1263.25
Target: 1402
BUY
ICICIdirect.com
2-May-18
Price @ Call: 1263.25
Target: 1440
BUY
Edelweiss
2-May-18
Price @ Call: 1210.35
Target: 1366
BUY
Motilal Oswal
30-Apr-18
Price @ Call: 1206.11
Target: 1400
BUY
Edelweiss
22-Jan-18
Price @ Call: 1059.95
Target: 1240
BUY
Motilal Oswal
20-Jan-18
Price @ Call: 1053.89
Target: 1220
BUY
Prabhudas Lilladher
20-Jan-18
Price @ Call: 1053.89
Target: 1165
ACCUMULATE
KOTAKBANK Share Price Target - Broker Reports - 2017
Edelweiss
26-Dec-17
Price @ Call: 1009.95
Target: 1205
BUY
JM Financial
30-Oct-17
Price @ Call: 1034.25
Target: 1075
BUY
KRChoksey
30-Oct-17
Price @ Call: 1034.25
Target: 1104
ACCUMULATE
Motilal Oswal
26-Oct-17
Price @ Call: 1009.7
Target: 1179
BUY
Edelweiss
25-Oct-17
Price @ Call: 1020.92
Target: 1056
HOLD
JM Financial
24-Jul-17
Price @ Call: 993.9
Target: 1075
BUY
KRChoksey
21-Jul-17
Price @ Call: 980
Target: 1104
BUY
HDFC Securities
21-Jul-17
Price @ Call: 979
Target: 1109
BUY
Motilal Oswal
20-Jul-17
Price @ Call: 980
Target: 1153
BUY
Edelweiss
20-Jul-17
Price @ Call: 980
Target: 1001
HOLD
Axis Direct
6-May-17
Price @ Call: 915
Target: 965
HOLD
HDFC Securities
28-Apr-17
Price @ Call: 915
Target: 1013
BUY
Motilal Oswal
28-Apr-17
Price @ Call: 915
Target: 1050
BUY
ICICIdirect.com
28-Apr-17
Price @ Call: 902
Target: 950
HOLD
Motilal Oswal
30-Mar-17
Price @ Call: 865
Target: 1015
BUY
KRChoksey
27-Jan-17
Price @ Call: 795
Target: 953
BUY
HDFC Securities
27-Jan-17
Price @ Call: 793
Target: 936
BUY
Motilal Oswal
25-Jan-17
Price @ Call: 795
Target: 940
BUY
KOTAKBANK Share Price Target - Broker Reports - 2016
Prabhudas Lilladher
8-Dec-16
Price @ Call: 749.45
Target: 860
BUY
KRChoksey
26-Oct-16
Price @ Call: 820
Target: 953
BUY
Axis Direct
26-Oct-16
Price @ Call: 785
Target: 810
HOLD
ICICIdirect.com
26-Aug-16
Price @ Call: 780
Target: 840
BUY
Religare
12-May-16
Price @ Call: 731.15
Target: 900
BUY