The current market price of Kotak Mahindra Bank is Rs 2129.
Time period given by analyst is Intra Day when Kotak Mahindra Bank Ltd. price can reach defined target.
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 430607.66 Crore).
Kotak Mahindra Bank Ltd. 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-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 12799.59 Crore, down -20.87 % from last quarter Total Income of Rs 16175.87 Crore and up 3.87 % from last year same quarter Total Income of Rs 12323.15 Crore. The bank reported net profit after tax of Rs 1806.09 Crore in latest quarter.
Investment Rationale
Major consolidation breakout with follow-up buying and outperformance of banking stocks.
Promoter/FII Holdings
Promoters held 26.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 42.58 per cent, DIIs 15.29 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
