Recommendation: Reduce; Target Price: Rs 2040
Recommendation: Add; Target Price: Rs 2800
Recommendation: Add; Target Price: Rs 700
Kotak Mahindra Bank, the private lender, reported a remarkable net profit of Rs 3,452 crore for the first quarter of FY24
In terms of sectors, the auto, realty, IT, power, and capital goods indices all displayed positive movements, with gains ranging from 0.5 to 1 %
Recommendation: Buy; Target Price: Rs 8900
Recommendation: Buy; Target Price: Rs 2325
Recommendation: Reduce; Target Price: Rs 766
The impressive financial performance has instilled confidence among investors, driving ICICI Bank's share prices.
Due to lower output commodity prices and lower sales, the business recorded an EBITDA of Rs 6,975 crore for the April–June period, a 35% decrease from Rs 10,741 crore in the same time last year.

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