Geojit Investments has issued a BUY recommendation for private banking major Kotak Mahindra Bank, setting a 12-month target price of Rs. 2,381 from the current market price of Rs.
Deven Choksey Research has placed Kotak Mahindra Bank on an “ACCUMULATE” rating, setting a price target of Rs 2,362 against the current market price of Rs 2,187.
Kotak Mahindra Bank, Jio Financial Services, ITC, Asian Paints, Trent, Bajaj Finance and UltraTech Cement shares were trading with gains on Friday as overall market was trading positive.
Kotak Mahindra Bank was among major gainers on NSE today after the private sector lender reported lower net profit and interest income. Kotak Mahindra Bank declined 7.3 percent.
Kotak Mahindra Bank has drawn fresh attention following a detailed 4QFY25 update from Motilal Oswal, which reaffirmed its BUY rating with a 14% upside potential, setting the target at Rs 2,500.