Nuvama advises holding Kotak Bank with a target of Rs 1,650. Despite a NIM decline from higher CoF and less unsecured loans, PAT rose 51% QoQ with a post-tax gain. RBI gaps are being addressed, and the CEO aims for mid-teens growth in unsecured loans.
Large Caps likely to outperform mid- & small-caps in Samvat 2081
Unique investors on the NSE rose by 2.14 crore since last Diwali, reaching a record high of 10.37 crore as of September 30, 2024. However,