Street View - India's Kotak Mahindra Bank gains as brokerages see loan growth, margin recovery

Kotak Mahindra Bank

26/10/2026 05:03

India's Kotak Mahindra Bank KTKM.NS reported a higher-than-expected 29% y/y rise in Q2 standalone net profit on Saturday, helped by stronger loan demand and lower provisions, while its net interest margin narrowed to 4.31%.
** KTKM shares rise 2.44% to 440.95 rupees

STRONG LOAN GROWTH SUPPORTS OUTLOOK
** JM Financial (upgrades to "buy" from "add"; raises TP to 500 rupees from 415 rupees) sees scope for faster loan growth, backed by 205 billion rupees in undeployed liquidity
** PL Capital ("buy"; raises TP to 510 rupees from 500 rupees) says margins may have bottomed out, with recovery expected as foreign-currency deposits are deployed into loans
** BOB Capital Markets ("buy"; raises TP to 522 rupees from 518 rupees) expects improving asset quality, loan growth to support profitability; sees margin recovery over next two to three quarters
** Emkay Global ("add", TP: 460 rupees) flags near-term margin pressure from foreign-currency deposits, but says underlying loan growth remains healthy

 (Reporting by Surbhi Misra in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))