Pending — not yet graded
Assigns an equal weight rating to Kotak Mahindra Bank, signaling a 28% upside to ₹500. The bank is expected to achieve a 17% loan CAGR over FY26–29E, supported by secured lending, calibrated unsecured business expansion, and the Deutsche Bank India retail acquisition. Improving asset quality and stable margins are key drivers.

Axis Securities Analysis’s track record: 3 graded calls · 95% CI 21–94%

Kotak Mahindra BankBullishCalled 05 Aug 2026
Verdict:PENDING

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