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Standout Brokerage Report: MOSL downgrades Kotak Bank to neutral; here’s why

Updated : November 26, 2020 11:07 AM IST

Motilal Oswal has downgraded Kotak Mahindra Bank to ‘neutral’ with a target price of Rs 1,800.

The broking firm feels the risk-reward in Kotak Bank is unfavourable now after the sharp rise in stock price.

The stock is trading over 4 times FY22 estimated adjusted book values which is at 17 percent premium to the 5-year average.

The stock had moved up in anticipation of the MSCI inclusion. In the context of growth outlook and return ratios, the risk-reward is unfavourable, Motilal Oswal feels.

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