Why Kotak Mahindra Bank shares are outperforming Nifty 50 and Bank Nifty in the last two months? Experts explain ↗
Kotak Mahindra Bank outperformed despite market decline, gaining 10% over two months due to strong loan growth, leadership clarity, and improving asset quality. Analysts see positive catalysts, including a new CEO and better earnings expectations, as crucial for its recovery and valuation.
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Valuation discount compared to HDFC Bank and ICICI was too wide. CASA ratio is holding up well despite deposit competition.
Also the RBI regulatory overhang on online onboarding is resolved. Asset quality remains top tier in large private banks.