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KOTAKBANK Share Price Target

Kotak Mahindra Bank Ltd.
Sector: Banks
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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.
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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.
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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.
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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).
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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.
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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

  • KOTAKBANK - Share Price Target Potential

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    BrokerageTargetPotential
    Axis Direct1,80011.92%
    Reliance Securities1,6000.91%
    KRChoksey1,6202.13%
    Nirmal Bang1,6765.40%
    Edelweiss1,6322.85%