Buy Kotak Mahindra Bank, target price Rs 2230: Emkay Global

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Buy Kotak Mahindra Bank, target price Rs 2230:  Emkay Global


Emkay Global has buy call on Kotak Mahindra Bank with a target price of Rs 2230. The current market price of is Rs 1923.15. Time period given by analyst is one year when . price can reach defined target.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 382186.18 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-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 11658.94 Crore, down -30.58 % from last quarter Total Income of Rs 16794.19 Crore and down -8.91 % from last year same quarter Total Income of Rs 12799.59 Crore. The bank reported net profit after tax of Rs 2755.39 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 25.97 per cent stake in the company as of 30-Jun-2022, while FIIs owned 40.55 per cent, DIIs 17.28 per cent.

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