{"id":40672,"date":"2022-05-07T11:19:10","date_gmt":"2022-05-07T05:49:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=40672"},"modified":"2022-05-07T11:29:07","modified_gmt":"2022-05-07T05:59:07","slug":"lkp-securities-sets-a-buy-tag-on-this-banking-stock-for-a-target-price-of-2266","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lkp-securities-sets-a-buy-tag-on-this-banking-stock-for-a-target-price-of-2266\/","title":{"rendered":"LKP Securities sets a BUY tag on this banking stock for a target price of \u20b92266"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3230473209\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>There was a 9% jump in the Nifty Bank Index in the last year, however, the shares of Kotak Mahindra Bank were almost flat. The bank\u2019s Q4 results have managed to impress the street on a few counts with discussions shifting away from loan growth to deposit accretion.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-911218996\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The private sector lender on Wednesday reported a 65% spike in its standalone profit after tax at \u20b9 2767 crores for the March quarter. This was on the back of higher growth in net interest income and healthy asset quality. It had reported a\u00a0 PAT of 1682 crores during the same period a year ago. <\/p><p>It reported a Consolidated Total Income of \u20b9 16794.19 crores, up 18.47%\u00a0 from \u20b9 14176.16 crores during the same period last year. It reported a net profit after tax of Rs 3891.82 Crore in the latest quarter.<\/p><p>\u201cIf you look at our Q4 numbers, our slippages have been extremely under control. On an annualised basis our slippage ratio is 1.08 per cent. Our slippage ratio actually now demonstrates that the quality of our credit book is extremely robust as we exit Covid,\u201d said Uday Kotak, the bank\u2019s Managing director and CEO.<\/p><div class=\"trade-content_5\" id=\"trade-976397247\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>LKP Securities has a buy call on the shares of Kotak Mahindra Bank with a target price of \u20b9 2266 achievable in one year. The shares are currently trading at \u20b9 1,779.45 levels. This indicates an upside of 27.34%.<\/p><p>This means that if \u20b91,00,000 is invested in the share at the current market price, chances are that in the next one year, the value of the holdings will be \u20b9 1,27,340!<\/p><p>Kotak Mahindra Bank is a large-cap stock with a market capitalization of over \u20b9 3.54 lakh crores. Some of its key products and revenue segments include interest &amp; discount on advances &amp; bills, income from investment, interest on balances with RBI and other inter-bank funds and interest.<\/p><h3 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h3><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2941453293\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>There was a 9% jump in the Nifty Bank Index in the last year, however, the shares of Kotak Mahindra Bank were almost flat. The bank\u2019s Q4 results have managed to impress the street on a few counts with discussions shifting away from loan growth to deposit accretion. The private sector lender on Wednesday reported [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3565,3564,3563,2229,1733,2660,3566,936,3153,3157,3158,2597,2599],"class_list":["post-40672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-bank-stock","tag-banking-sector","tag-kotak-bank-targets","tag-kotak-mahindra-bank","tag-kotak-mahindra-bank-limited","tag-multibagger-stock","tag-nifty-bank","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LKP Securities sets a BUY tag on this banking stock for a target price of \u20b92266<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lkp-securities-sets-a-buy-tag-on-this-banking-stock-for-a-target-price-of-2266\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LKP Securities sets a BUY tag on this banking stock for a target price of \u20b92266\" \/>\n<meta property=\"og:description\" content=\"There was a 9% jump in the Nifty Bank Index in the last year, however, the shares of Kotak Mahindra Bank were almost flat. 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