BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1029.85
Change Change %
-10.70 -1.03%

Updated:21 Nov, 2017, 15:59 PM IST

BSE
1029.45
Change Change %
-7.95 -0.77%

Updated:21 Nov, 2017, 15:44 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
28-04-2017 Hold 907.00 896.00
N/A
Target Hit Long (1Y)
28-04-2018

Edelweiss maintains hold on Kotak Mahindra Bank

While synergy benefits are reflecting in cost metrics, key concern for KMB has been slower revenue traction, largely due to below-trend loan growth. Integration challenges in H1FY17 followed by demonetisation took a toll on 9mFY17 growth. However, Q4FY17 saw marked improvement with loan growth at 5% QoQ, largely on account of around 8% QoQ spurt in business banking. Management stated that integration and demonetisation challenges have ceased and hence the current momentum in business banking and retail will sustain.

Market Data provided by © Accord Fintech. © Copyright NDTV Convergence Limited 2017. All rights reserved.