Shares of Kotak Mahindra Bank Ltd. 500247 slid 1.36% to 1,893.40 Indian rupees Tuesday, on what proved to be an all-around grim trading session for the stock market, with the BSE SENSEX Index 1 falling 1.

India's benchmark indexes advanced on Monday, led by gains in Kotak Mahindra Bank and Wipro after their better-than-expected quarterly earnings, while the focus shifts to the U.S. policy framework with Donald Trump set to take oath as the President.

The private lender's shares have got several upgrades from brokerage firms following its strong third-quarter performanc.

Shares of Kotak Mahindra Bank Ltd. 500247 advanced 9.15% to 1,919.60 Indian rupees Monday, on what proved to be an all-around positive trading session for the stock market, with the BSE SENSEX Index 1 rising 0.

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian shares inched higher on Monday, led by gains in Kotak Mahindra Bank and Wipro after their better-than-expected quarterly earnings, while concerns over the U.

Five leading brokerages have upgraded Kotak Mahindra Bank to ‘buy’ following its Q3FY25 results, with target prices ranging from ₹2,020 to ₹2,111. The private sector lender reported a 10 per cent year-on-year increase in net profit at ₹3,305 crore for the third quarter.

Motilal Oswal is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2100 in its research report dated January 19, 2025.

Shares of Kotak Mahindra Bank on Monday jumped more than 9 per cent after the firm posted a 10 per cent growth in its consolidated net profit at Rs 4,701 crore, aided by the performance of capital markets-linked arms. The stock surged 9.15 per cent to settle at Rs 1,919.60 apiece on the BSE. During the day, it zoomed 9.68 per cent to Rs 1,929.

India's Kotak Mahindra Bank on Saturday reported a 10% rise in quarterly profit as it boosted lending, although provisions for potential bad loans surged.