Hot Stocks: Brokerage view on Vedanta, Kotak Mahindra Bank, JSW Steel and ICICI Bank

July 24, 2023

Investec maintained a buy rating on Kotak Mahindra Bank with a target of Rs 2300. Liabilities momentum has improved and the net interest margins (NIMs) are likely to remain elevated. The asset quality remains best in class, and the brokerage firm believes that the bank’s NIMs should stabilise above 5%.

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