The current weakness in the markets provides an opportunity to add the stock of Kotak Mahindra Bank in the long-term portfolio
Kotak Mahindra Bank
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Kotak Mahindra Bank (Kotak Bank, CMP: Rs 1775, Market Cap: Rs 3,52,396 crore) ended the last financial year on a strong note with a clear focus on growth, armed with more than adequate capital and competitive cost of funds. The asset quality remains pristine and the bank continues to execute a complete financial services conglomerate strategy with formidable subsidiaries across businesses. The bank is also gearing up for a top management transition (elevated Shanti Ekambaram as a whole-time Director)…
