Kotak Bank share targets go up to Rs 2,515 but stock down 2%. Should you buy, sell or hold?

Shares of Kotak Mahindra Bank fell up to 2% despite strong profit growth and highest QoQ NII growth. The decline may be attributed to investors’ concern over the expected peaking of NIM in the next few months. However, brokerages hold a positive outlook on the stock with CLSA downgrading to outperform and other firms holding neutral to buy ratings with target prices ranging from Rs 1,860 to Rs 2,513. Motilal Oswal remains neutral with a target price of Rs 2,050, while Phillip Capital maintains a buy rating with a revised target price of Rs 2,200.

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