Net interest income for the quarter ended December 31, 2023, at Rs 5,296 crore.
The IPO, open for bidding until January 23, 2024, has set a price band of Rs 218 to Rs 230 per equity share.
Recommendation: Add; Target price: Rs 550
Recommendation: Buy; Target price: Rs 1870
Through FY24-26, it should grow sales at best in sync with the industry, with an inferior operating matrix and capex > OCF.
Analysts of IIFL Capital Services believe the commentary from ISG corroborates their view of 2024 being a year of gradual recovery for the Indian IT services.
The quarter's revenue increased by about 9% to Rs 1,237.5 crore from Rs 1,137.1 crore during the same period last year.
Unlike HDFC Bank (and ICICI Bank), Kotak Mahindra Bank does not provide a quarterly business report.
It comes after discussions with unions on Thursday, when they referred to the move as "a crushing blow".
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