Citi has upgraded its rating on Kotak Bank stock/share to Buy and raised the target price to ₹2,070, indicating a potential upside of 15.76% from the current market price of ₹1,788.10. The stock is also placed on a positive catalyst watch.
Key reasons for Citi’s bullish stance on Kotak Bank share
- Loan Growth Momentum:
- Kotak Bank continues to sustain robust loan growth, driven by its strong credit demand and effective underwriting practices.
- Personal loans (PL) are expected to accelerate, supported by improved delinquency trends.
- Credit Costs Under Control:
- Citi highlights that higher credit cost expectations have already been priced in, leaving room for surprises on the downside.
- Regulatory Lifting as a Catalyst:
- The lifting of regulatory restrictions is anticipated to be a key trigger for the stock, potentially enhancing operational flexibility and growth opportunities.
Positive outlook for Kotak Bank stock
Citi’s upgrade reflects confidence in Kotak Bank’s ability to maintain growth while managing credit quality effectively. The anticipated regulatory easing could further bolster the stock’s upward trajectory.
Disclaimer:
This content is for informational purposes only and should not be considered as investment advice. Investors are advised to consult with financial advisors before making investment decisions.
