Macquarie has maintained an ‘Outperform’ rating on Kotak Mahindra Bank, setting a target price of ₹2,200 per share, indicating a 13.1% upside potential from the current market price of ₹1,945.50.
The brokerage views the RBI’s withdrawal of supervisory action as a key catalyst that will drive growth acceleration and provide margin support for the bank.
Macquarie factors in the highest core earnings growth for Kotak among large private sector banks in FY26, reinforcing its bullish stance. Additionally, at a 1.7x FY27E price-to-book (P/B) valuation (standalone), Macquarie sees a favorable risk-reward opportunity in Kotak Mahindra Bank.
With growth momentum set to improve and margins expected to stabilize, Macquarie remains optimistic about the 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.
