HSBC has maintained its ‘Buy’ rating on Kotak Mahindra Bank, raising its target price to ₹2,210 per share, indicating a 13.6% upside potential from the current market price of ₹1,945.50.
The brokerage views the RBI’s removal of restrictions as a significant positive development, which is expected to strengthen Kotak’s customer franchise and drive long-term growth. HSBC also believes that this move could enhance earnings visibility and improve valuations for the bank.
Kotak Mahindra Bank’s credit card and digital customer acquisition through its ‘811’ platform are key components of its growth strategy, and the lifting of restrictions is expected to accelerate its expansion in these segments.
With business normalization, a renewed focus on unsecured lending, and a strengthened digital strategy, HSBC remains bullish on Kotak Mahindra Bank’s long-term potential.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
