Check brokerages’ outlook and share price targets post Q2 results

CLSA retains its ‘outperform’ ranking on Kotak Mahindra Financial institution with a brand new goal of Rs 2,050 per share, barely down from Rs 2,200. In response to CLSA, FY24 revenue estimates have been raised by 6%, with FY25 projections remaining principally unchanged. Nonetheless, FY26 estimates have been decreased by 7% because of the anticipated normalisation of credit score prices. Regardless of the shock of sharp NIM (Internet Curiosity Margin) compression, mortgage development stays on monitor, with the underlying drivers remaining constant.