“Bullish on Kotak Mahindra Bank with a 'Buy' call and a target price of ₹509, implying 26% upside from ₹402.80. Asset-quality challenges are largely behind, with continued share gains in focus segments driving Core PPoP growth and strong re-rating potential. The bank has protected NIMs better than peers and is well-positioned for strong earnings recovery over the medium term.”

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