Broker call▲ Bullish for Kotak Mahindra Bank
Kotak Mahindra Bank shares rise as Q2 data and broker views lift sentiment
The brief
- Kotak shares gained 3.7% in one report and more than 4% in another
- Strong Q2 loan and deposit data supported the move; brokerages retained bullish views and raised targets
- Stronger loan and deposit trends support sentiment on Kotak and the Indian private-bank sector
- F&O Pricing Dilemma: Market Voices Warn Against Pulling Traders Away From CAS Screens
- Angel One Q2 Update: Client Base Soars 17.3% year-on-year, Average Daily Orders Remain Flat
- NSE, Groww, BSE, Angel One, MOFSL, Nuvama shares rally after SEBI CAS rollback report
- Angel One shares gain after trading activity recovers in September, MTF book growth continues
- Angel One client funding book at Rs 7,453 crore in Q2, IEX shares Q2 volume growth figures
Kotak Mahindra Bank's Q2 loan growth
Kotak Mahindra Bank reported Q2 advances of ₹5.77 lakh crore, up nearly 25% year on year; deposits rose 23% and CASA increased 11.3% to ₹2.49 lakh crore. Goldman raised its target price, while Citi cited growth across corporate, SME, LAP and MFI loans.
Tuesday, 6 October
- Kotak Mahindra Bank shares rise as Q2 data and broker views lift sentiment