Kotak Mahindra Bank
- ExchangeNational Stock Exchange of India
Two Directors at Kotak Mahindra Bank Ltd sold after exercising options/sold 1,872 shares at between 2,002.725INR and 2,014.710INR. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where tradin...
The independent financial analyst theScreener just lowered the general evaluation of KOTAK MAHINDRA BANK (IN), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 11, 2020, the closing price was INR 1,330.35 and its target price was estimated at INR 1,066.87.
Q3FY20 result highlights KMB’s PAT of Rs16bn grew 24% yoy but declined 7% qoq. PAT was below the consensus estimate of Rs16.7bn due to higher pension cost of erstwhile ING Vysya Bank and slower fees. Loan growth slowed down significantly, so did fees, while opex grew 21% yoy due to higher pension provisions. However NIM remained strong at 4.69% versus 4.61% qoq. GNPAs rose 8% qoq to 2.46% but the base remains low. Slippage remained stable qoq at Rs10.6bn. Loan growth moderated to 10% yoy in 3Q from 15% in 2Q and 18% in 1Q. Growth in corporate banking slowed further to 3% yoy compared to 8%...
(KMB IN, Mkt Cap USD43.5b, CMP INR1618, TP INR1625, Neutral) Slippages stay elevated; PCR remains stable** KMB's third-quarter result mirrored overall slowdown in the economy, which led to moderation in loan growth and elevated slippage trajectory. Overall operating performance was healthy with PPoP increasing by 23% YoY, despite the bank making INR2b provisions toward pension obligations. ** We cut our EPS estimate for FY21/22 by 4%/7%, primarily as we factor in lower loan growth assumption. Maintain Neutral. Loan growth moderates; higher provisions drag earnings** Standalone PAT increased...
Feasibility Study Results in December to be a Catalyst for this Junior