Buy Kotak Mahindra Bank, target price Rs 2050: Anand Rathi

economictimes.indiatimes.com:

Kotak Mahindra Bank with a target price of Rs 2050. The current market price of Kotak Mahindra Bank Ltd. is Rs 1836.2.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 364053.52 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-2023.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 25075.87 Crore, down -10.15 % from last quarter Total Income of Rs 27907.33 Crore and up 21.00 % from last year same quarter Total Income of Rs 20723.91 Crore. The bank reported net profit after tax of Rs 7448.16 Crore in latest quarter.

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