Brokerages Upgrade Kotak Mahindra Bank to 'Buy' Post Strong Q3 FY2025 Performance

Kotak Mahindra Bank reported a 10% year-on-year increase in consolidated net profit for the third quarter of FY2025, reaching ₹4,701 crore. This growth was primarily driven by higher lending income, despite a rise in provisions for potential bad loans.

Following these results, several leading brokerage firms have upgraded the bank's stock to a 'Buy' rating:

• Citi Research: Upgraded the stock with a target price of ₹2,070, citing strong loan growth momentum and improved delinquency trends.

• Jefferies: Raised the rating to 'Buy' with a target price of ₹2,120, noting that current valuations are now more aligned with the bank's realistic potential.

These upgrades reflect confidence in Kotak Mahindra Bank's robust financial performance and growth prospects. Investors are advised to consider these insights in line with their individual investment strategies and risk tolerance.

Source: Economic Timres, Reuters