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Buy Kotak Bank, target price Rs 1,675: Jay Thakkar

Jay Thakkar recommended to keep stoploss at Rs 1590.

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Last Updated: Nov 18, 2019, 09.25 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 310012.67 Crore).
Jay Thakkar of Anand Rathi has buy call on Kotak Mahindra Bank Ltd. with a target price of Rs 1675.0 . The current market price of Kotak Mahindra Bank Ltd. is Rs 1631.9 Jay Thakkar recommended to keep stoploss at Rs 1590
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 310012.67 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 15.61 % from last year same quarter Interest Income of Rs 5435.56 Crore. The bank has reported net profit after tax of Rs 2399.08 Crore in latest quarter.

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