HSBC upgrades Kotak Mahindra Bank, raises target
HSBC upgraded Kotak Mahindra Bank to 'Buy' and raised its price target to ₹520 per share, citing CEO appointment clarity, stronger loan growth, and earnings per share.
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Kotak Mahindra Bank upgraded to 'buy' by HSBC on loan growth, CEO view
HSBC upgrades Kotak Mahindra Bank to 'buy' from 'hold', raises price target to 520 rupees. Raises loan growth estimates to 21.2% CAGR over FY27-FY29 from 16.7% citing strong underlying growth, consolidation of loan book and deployment of FCNR(B) funds. Notes Anup Saha appointment as MD and CEO.