Kotak Bank shares in focus after Q3 PAT rises 10% YoY. What should investors do?
Kotak Mahindra Bank will remain in focus on Monday, January 20, after India’s third largest private bank by market capitalization reported a 10% jump in its December quarter net profit at Rs 3,305 crore versus Rs 3,005 crore reported in the year-ago period.
Meanwhile, the lender's interest earned in Q3FY25 stood at Rs 13,427.58 crore, up 14% from Rs 11,799 crore in the corresponding quarter of the previous financial year.
The Net Interest Income (NII) for Q3FY25 increased to Rs 7,196 crore, from Rs 6,554 crore in Q3FY24, up 10% YoY and while the Net Interest Margin (NIM) was 4.93% for Q3FY25.
Should you buy, sell, or hold Kotak Mahindra Bank's stock? Here's what analysts say:
Nomura
Nomura maintained a 'Buy' rating on Kotak Mahindra Bank with a revised target price of Rs 2,110 (down from Rs 2,170).
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