Buy Kotak Mahindra Bank, target price Rs 1935: Reliance Securities

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Buy Kotak Mahindra Bank, target price Rs 1935:  Reliance Securities


Reliance Securities has buy call on Kotak Mahindra Bank with a target price of Rs 1935. The current market price of Kotak Mahindra Bank Ltd. is Rs 1854.35.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 367216.62 Crore).

Financials
The Bank reported a Gross Non Performing Assets (Gross NPAs) of Rs 6055.01 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1636.82 Crore (.00% of total assets). For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 5473.08 Crore, down 5.20 % from last quarter Interest Income of Rs 5773.27 Crore and down 12.91 % from last year same quarter Interest Income of Rs 6284.31 Crore. The bank has reported net profit after tax of Rs 2933.46 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 26.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 42.2 per cent, DIIs 15.3 per cent and public and others 16.5 per cent.





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