India’s banking sector has been squeezed between rising costs and slowing credit demand, for over a year. The downgrade cycle may be nearing an end, according to UBS Securities, a multinational investment bank. However, Vishal Goyal, Head of India Research at UBS Securities, also warned that a full recovery for the country’s financial sector is […]
An analyst upgrades Kotak Mahindra Bank after nearly five years; Check other price targets post Q3 – CNBC TV18
Brokerage firm Motilal Oswal has upgraded shares of Kotak Mahindra Bank Ltd. to “buy” after its December quarter results, four-and-a-half years after staying “neutral” on the stock. Company Value Change %Change The brokerage has also increased its price target on the stock to ₹2,100 from ₹1,900 earlier. Motilal Oswal said that Kotak Mahindra Bank delivered […]
IndusInd Bank shares get another downgrade, but Goldman advises buying these banking stocks – CNBC TV18
Global brokerage firm Goldman Sachs has revised its outlook on banks from a ‘Goldilocks period’ to a ‘muddle-through scenario,’ expecting further earnings-per-share cuts. Company Value Change %Change The foreign brokerage advises a selective approach, downgrading IndusInd Bank to ‘Neutral’ and reducing its target price to ₹1,090. The target suggest a potential upside of 11% from […]
Kotak Mahindra Bank analysts remain divided on the road ahead after weak Q2 performance – CNBC TV18
Shares of Kotak Mahindra Bank will be in focus on Monday, October 21, after the lender posted mixed earnings for the second quarter. Global brokerage firm Goldman Sachs has a ‘Buy’ rating, with a price target of ₹2,286 per share on Kotak Mahindra Bank. Kotak Bank’s second-quarter results fell short by 5%, compared to Goldman […]