KOTAKBANK
31.01.2022 - CLSA on Kotakbank Maintain Buy CMP 1857 Target 2300
CITI ON KOTAK MAHINDRA BANK : 27.07.2021
* Strong net interest margin for Kotak Mahindra in Q1,slow growth; slippages decline QoQ, Citi lowers FY22 net profit estimate by 3% to incorporate higher operational expenditure
* Strong NIM, Slow Growth; Slippages Decline QoQ
* Low Cost Of Funds Should Support NIM
* Slower Credit Growth Could Drag NII & PPOP
* Lower FY22 Net Profit Estimate By 3% To Incorporate Higher Opex
* MAINTAIN NEUTRAL TARGET: 1,930
CLSA on Kotak BK : 02.07.2021
* Upgrade to O-P, TP Rs 1900
* BK underperformed peers by 35-75ppts & Nifty by more than 25% over past 6 mths
* Incrementally, risk-reward getting favourable
* Kotak has built a formidable banking franchise with lowest cost of funds, low Opex & impeccable asset quality
CLSA ON KOTAK MAHINDRA BANK
* UPGRADE OUTPERFORM FROM UNDERPERFORM TARGET: 1,900 (PREVTGT:1,850)
* Incrementally Kotak Mahindra Bank's risk-reward getting favourable, according to CLSA, brokerage upgrades stock to OUTPERFORM & raises target
* Bank Has Underperformed Peers By 35-75 ppts & Nifty By More Than 25% Over The Past 6 Months
* Incrementally, Risk-Reward Is Getting Favourable, Hence An Upgrade
* Bk Has Built A Formidable Franchise With Lowest Cost Of Funds, Good Asset Quality
