Kotak Mahindra Bank500247Banking
HSBC upgraded Kotak Mahindra Bank to buy from hold, raising target price to 520 from 430, citing recent CEO appointment and improved growth outlook
- HSBC revised target price
- 520
- HSBC previous target price
- 430
- EPS estimate raise FY27-29
- 1 to 14 percent
Heard on business television between 09:08:06 - 09:11:06 IST.
- HSBC upgraded the stock to buy from hold with target price of 520, up from 430 earlier.
- Cited the recent CEO appointment and stronger loan plus EPS growth outlook as reasons for turning constructive.
- Raised EPS estimates by 1-14% for FY27-29 on the back of stronger loan growth and steady NIMs.
- Flagged repo rate hike as a potential upside risk to watch.
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Source: Live TV News Channel · 7 Oct 2026
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