22 Sep 2025 | 3 Mins Read
Motilal Oswal recommends buying Kotak Mahindra Bank, targeting Rs 2400
Flipitmoney
Motilal Oswal upgrades Kotak Mahindra Bank (KMB) from Neutral to BUY. They estimate 20% earnings CAGR over FY26-28, with robust return ratios. RoA/RoE to reach 2%/12.8% by FY27. KMB's loan trajectory is aligned with disciplined targets, and provisioning expenses are expected to subside. Retain BUY with a target price of INR2,400.