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Buy Kotak Mahindra Bank, price target Rs 1,740: Chandan Taparia

The analyst suggested a stoploss at Rs 1641.

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Updated: Dec 09, 2019, 08.19 AM IST
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Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 319864.26 Crore).
Chandan Taparia of Motilal Oswal Securities has a buy call on Kotak Mahindra Bank Ltd. with a target price of Rs 1740.0 . The current price of Kotak Mahindra Bank Ltd. is Rs 1674.3 . Chandan Taparia recommended to keep a stoploss at Rs 1641 .

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 319864.26 Crore).

Kotak Mahindra Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 14727.95 Crore to Sales Value (74.57 % of Total Sales), Income From Investment which contributed Rs 3933.00 Crore to Sales Value (19.91 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 755.29 Crore to Sales Value (3.82 % of Total Sales) and Interest which contributed Rs 332.25 Crore to Sales Value (1.68 % of Total Sales)for the year ending 31-Mar-2018.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5475.48 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2031.59 Crore (.00% of total assets).

For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 6284.31 Crore, up 1.01 % from last quarter Interest Income of Rs 6221.51 Crore and up 16.16 % from last year same quarter Interest Income of Rs 5409.90 Crore. The bank has reported net profit after tax of Rs 2399.08 Crore in latest quarter.

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