Kotak Mahindra Bank share price nears 52-week high: Jefferies, JPMorgan & CLSA raise targets after Q2 results -- What next?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Kotak Mahindra Bank shares rose 2.18 per cent to Rs 439.90 on Monday, October 26, after strong September quarter results.
- ✓Global brokerages like Jefferies, JPMorgan, and CLSA raised their target prices for the stock.
- ✓They said the bank reported a strong second quarter, with key operating metrics exceeding many market expectations.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Kotak Mahindra Bank shares rose 2.18 per cent to Rs 439.90 on Monday, October 26, following positive commentary from brokerages after the bank's September quarter results.
JPMorgan, CLSA and Jefferies raised their target prices for the stock, while Bernstein maintained its Market Perform rating. Jefferies retained its Buy rating and raised its target price to Rs 520 from Rs 460, citing healthy loan growth, improving core operating trends and stable asset quality.
JPMorgan raises target price to Rs 492
JPMorgan maintained its Overweight rating on Kotak Mahindra Bank and raised its target price to Rs 492 from Rs 468, implying an upside of around 11.8 per cent from the current market price of Rs 439.90.
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