{"id":332734,"date":"2026-10-29T16:18:04","date_gmt":"2026-10-29T10:48:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=332734"},"modified":"2026-10-29T16:18:04","modified_gmt":"2026-10-29T10:48:04","slug":"kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/","title":{"rendered":"Kotak Mahindra Bank Target Price After a 4% Jump to Rs 459, the Highest Level Since April 2025: What Brokerages and Q2 Numbers Say"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Kotak Mahindra Bank shares closed near Rs 459.00 on NSE on 29 Oct 2026, up 4.32% from Rs 440.00 and above the earlier 52-week high of Rs 453.10, with brokerage targets ranging from Rs 492 to Rs 550 after Q2 FY27 consolidated net profit rose 26% to Rs 5,645 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Kotak Mahindra Bank target price from the seven brokerages I could verify ranges from Rs 492 (JPMorgan) to Rs 550 (Nuvama and Axis Securities), which is about 7% to 20% above Rs 459. The stock rose 4.32% to a level not seen since April 2025 on a split-adjusted basis, after Q2 FY27 consolidated profit grew 26% and gross NPA fell to 1.04%. The cautions are a net interest margin of 4.31% and a CASA ratio of 38.2%, both lower than a year ago. This article is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>A stock that rises over 4% to a 52-week high invites two questions: what is the Kotak Mahindra Bank target price from brokerages, and how much of the good news is already in the share price? This article sets out today&#8217;s move, the Q2 FY27 numbers, the brokerage targets, the valuation, and the risks to watch.<\/p>\n<p>Three flags. I found no company news or brokerage action that explains today&#8217;s jump specifically, so I link it only to the Q2 results and target changes reported earlier this week. The report that lists the targets gives no exact dates for them. One website shows a price to earnings of 108 for the stock, which looks like a data error, and I use the data provider&#8217;s 20.38. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Kotak_Mahindra_Bank_Target_Price_and_Todays_Rally\" title=\"Kotak Mahindra Bank Target Price and Today&#8217;s Rally\">Kotak Mahindra Bank Target Price and Today&#8217;s Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Q2_FY27_Results_Behind_the_Kotak_Mahindra_Bank_Target_Price\" title=\"Q2 FY27 Results Behind the Kotak Mahindra Bank Target Price\">Q2 FY27 Results Behind the Kotak Mahindra Bank Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Brokerage_Views_on_the_Kotak_Mahindra_Bank_Target_Price\" title=\"Brokerage Views on the Kotak Mahindra Bank Target Price\">Brokerage Views on the Kotak Mahindra Bank Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Price_Path_Before_the_Kotak_Mahindra_Bank_Target_Price_Debate\" title=\"Price Path Before the Kotak Mahindra Bank Target Price Debate\">Price Path Before the Kotak Mahindra Bank Target Price Debate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Valuation_Behind_the_Kotak_Mahindra_Bank_Target_Price\" title=\"Valuation Behind the Kotak Mahindra Bank Target Price\">Valuation Behind the Kotak Mahindra Bank Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#What_to_Watch_Next_for_the_Kotak_Mahindra_Bank_Target_Price\" title=\"What to Watch Next for the Kotak Mahindra Bank Target Price\">What to Watch Next for the Kotak Mahindra Bank Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Risks_Around_the_Kotak_Mahindra_Bank_Target_Price\" title=\"Risks Around the Kotak Mahindra Bank Target Price\">Risks Around the Kotak Mahindra Bank Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Conclusion_Weigh_the_Kotak_Mahindra_Bank_Target_Price_Against_the_Margin\" title=\"Conclusion: Weigh the Kotak Mahindra Bank Target Price Against the Margin\">Conclusion: Weigh the Kotak Mahindra Bank Target Price Against the Margin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#What_is_the_Kotak_Mahindra_Bank_target_price_after_the_Q2_FY27_results\" title=\"What is the Kotak Mahindra Bank target price after the Q2 FY27 results?\">What is the Kotak Mahindra Bank target price after the Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Why_did_Kotak_Mahindra_Bank_shares_rise_over_4_on_29_October_2026\" title=\"Why did Kotak Mahindra Bank shares rise over 4% on 29 October 2026?\">Why did Kotak Mahindra Bank shares rise over 4% on 29 October 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Is_Rs_459_the_highest_level_for_Kotak_Mahindra_Bank_since_April_2025\" title=\"Is Rs 459 the highest level for Kotak Mahindra Bank since April 2025?\">Is Rs 459 the highest level for Kotak Mahindra Bank since April 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#What_were_Kotak_Mahindra_Banks_Q2_FY27_profit_and_margin\" title=\"What were Kotak Mahindra Bank&#8217;s Q2 FY27 profit and margin?\">What were Kotak Mahindra Bank&#8217;s Q2 FY27 profit and margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Why_did_Kotaks_CASA_ratio_and_margin_fall\" title=\"Why did Kotak&#8217;s CASA ratio and margin fall?\">Why did Kotak&#8217;s CASA ratio and margin fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#What_is_the_valuation_of_Kotak_Mahindra_Bank\" title=\"What is the valuation of Kotak Mahindra Bank?\">What is the valuation of Kotak Mahindra Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Is_this_Kotak_Mahindra_Bank_target_price_article_a_buy_recommendation\" title=\"Is this Kotak Mahindra Bank target price article a buy recommendation?\">Is this Kotak Mahindra Bank target price article a buy recommendation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/kotak-mahindra-bank-target-price-after-4-percent-jump-to-rs-459-highest-level-since-april-2025-what-brokerages-and-q2-numbers-say\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Kotak_Mahindra_Bank_Target_Price_and_Todays_Rally\"><\/span><strong>Kotak Mahindra Bank Target Price and Today&#8217;s Rally<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Mahindra Bank target price: item (NSE, 29 Oct 2026)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 459.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 440.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Change on the day<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 4.32%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 439.25 to Rs 460.20 (opened at Rs 441.80)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earlier 52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 453.10, now exceeded<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 345.50; the price is about 33% above it (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4.65 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-year return (one report)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.5%, against a fall of about 13% for the Sensex<\/td>\n<\/tr>\n<\/table>\n<p>The headline describes this as the highest level since April 2025. Kotak did a stock split in January 2026, so that comparison only works on split-adjusted prices, which is how the claim should be read for the Kotak Mahindra Bank target price debate. The stock also trades above its 5, 20, 50, 100 and 200-day averages, according to one technical report.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare bank stocks and screeners on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_Kotak_Mahindra_Bank_Target_Price\"><\/span><strong>Q2 FY27 Results Behind the Kotak Mahindra Bank Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Mahindra Bank target price: Q2 FY27 item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 5,645.38 crore, up 26.34% from Rs 4,468.27 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 29,426.88 crore, up 18.17%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standalone net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,212 crore, up 29.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 8,459 crore, up 15.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net interest margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.31%, against 4.53% in Q1 and 4.54% a year ago<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross and net NPA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.04% and 0.24%; gross NPA was 1.18% in June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Provisions (consolidated)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 820.43 crore, against Rs 1,054.42 crore a year ago<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Advances and deposits<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 25% and about 23% on the year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">CASA ratio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">38.2%, against 42.3% a year ago<\/td>\n<\/tr>\n<\/table>\n<p>Profit grew faster than income because provisions fell and credit cost dropped to about 0.35%. First-half consolidated profit was Rs 11,125.84 crore, up about 24% from Rs 8,940.45 crore. This is the strength behind the Kotak Mahindra Bank target price upgrades, and it is a quality-of-earnings story as much as a growth story.<\/p>\n<p>The cost of fast growth shows in the margin. Kotak raised about Rs 55,344 crore of foreign currency non-resident deposits, FCNR(B), and lent about Rs 16,110 crore of it abroad, so term deposits rose and CASA fell. For the Kotak Mahindra Bank target price, management expects the full effect of these deposits in Q3 and a recovery in net interest margin by Q4, which is a forecast and not a result.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow bank results and brokerage target changes.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Views_on_the_Kotak_Mahindra_Bank_Target_Price\"><\/span><strong>Brokerage Views on the Kotak Mahindra Bank Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Mahindra Bank target price: brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating and target<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Gap to Rs 459 (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nuvama<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 550<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +19.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Axis Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 550 (note of 26 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +19.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goldman Sachs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 540<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +17.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 520, raised from Rs 460<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +13.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 500<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +8.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JM Financial<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 500<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +8.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JPMorgan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Overweight, Rs 492, raised from Rs 468<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +7.2%<\/td>\n<\/tr>\n<\/table>\n<p>All seven views are positive, but the room to the targets is narrower than it was on Monday, because the price has risen about 6.6% from Rs 430.50 on Friday 23 October by my calculation. At Rs 459 the lowest Kotak Mahindra Bank target price I found, Rs 492, is 7.2% away, so the gap to the highest is about 20%. Targets set earlier in the week do not account for today&#8217;s jump, and brokerages may revise them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Price_Path_Before_the_Kotak_Mahindra_Bank_Target_Price_Debate\"><\/span><strong>Price Path Before the Kotak Mahindra Bank Target Price Debate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Mahindra Bank target price: date<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Price (NSE)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fri 23 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 430.50 (close)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last close before the Q2 FY27 results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mon 26 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Opened Rs 440.90; high Rs 446.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First session after the results, up as much as 3.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wed 28 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 440.00 (close)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Roughly flat against Monday&#8217;s opening level<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Thu 29 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 459.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 4.32%, above the earlier 52-week high of Rs 453.10<\/td>\n<\/tr>\n<\/table>\n<p>The path shows that the market did not react fully to the Q2 FY27 results on Monday. It took until Thursday for the stock to clear its 52-week high, which suggests that brokerage upgrades and the better asset quality were absorbed over several sessions and not on one day.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Behind_the_Kotak_Mahindra_Bank_Target_Price\"><\/span><strong>Valuation Behind the Kotak Mahindra Bank Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Mahindra Bank target price: valuation item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value (previous close of Rs 440)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 4.38 lakh crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.38; about 21.3 at Rs 459 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price-to-book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.25; about 2.35 at Rs 459 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10.89%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (trailing) and book value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 21.59 and Rs 195.73<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.15%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoters, FIIs and DIIs (Sep 2026)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25.87%, 24.65% and 38.54%<\/td>\n<\/tr>\n<\/table>\n<p>A return on equity of 10.89% against a price-to-book of about 2.35 shows that the market pays a premium for Kotak&#8217;s asset quality and growth. That premium leaves less room for disappointment, and it is why the margin outlook in Q3 matters to the Kotak Mahindra Bank target price debate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Kotak_Mahindra_Bank_Target_Price\"><\/span><strong>What to Watch Next for the Kotak Mahindra Bank Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Q3 FY27 margin.<\/strong> Management expects the full FCNR(B) effect, so check whether net interest margin falls below 4.31% before recovering, because it drives the Kotak Mahindra Bank target price.<\/li>\n<li><strong>CASA trend.<\/strong> A fall from 42.3% to 38.2% raises funding costs, so a stable or rising ratio would support the Kotak Mahindra Bank target price.<\/li>\n<li><strong>Target revisions.<\/strong> Watch whether brokerages change the Kotak Mahindra Bank target price after today&#8217;s jump, since the lowest is only 7.2% above the price.<\/li>\n<li><strong>Asset quality.<\/strong> Gross NPA of 1.04% and credit cost near 0.35% are strong, and any reversal would change the story.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Around_the_Kotak_Mahindra_Bank_Target_Price\"><\/span><strong>Risks Around the Kotak Mahindra Bank Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Margin pressure.<\/strong> For the Kotak Mahindra Bank target price, the 4.31% margin may fall further in Q3, and a recovery by Q4 is only management&#8217;s expectation.<\/li>\n<li><strong>Deposit mix.<\/strong> A lower CASA ratio raises funding costs, which can hold back profit growth.<\/li>\n<li><strong>Stretched move.<\/strong> The stock is about 33% above its 52-week low, so a pullback is possible after a sharp one-day rise, whatever the Kotak Mahindra Bank target price.<\/li>\n<li><strong>Limited upside to some targets.<\/strong> The JPMorgan target is only about 7% above the price, so the Kotak Mahindra Bank target price view is not uniform.<\/li>\n<li><strong>Unexplained move.<\/strong> I found no specific trigger for today&#8217;s 4.32% rise, so check for news before acting on the Kotak Mahindra Bank target price.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Weigh_the_Kotak_Mahindra_Bank_Target_Price_Against_the_Margin\"><\/span><strong>Conclusion: Weigh the Kotak Mahindra Bank Target Price Against the Margin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Strong Q2 FY27 results, clean asset quality and seven positive brokerage views explain the optimism, and the highest level since April 2025 reflects it. The Kotak Mahindra Bank target price range of Rs 492 to Rs 550 leaves 7% to 20% of upside from Rs 459, but the margin and CASA are the points to track. Decide in line with your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Kotak_Mahindra_Bank_target_price_after_the_Q2_FY27_results\"><\/span><strong>What is the Kotak Mahindra Bank target price after the Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerage targets I found range from Rs 492 (JPMorgan, Overweight) to Rs 550 (Nuvama and Axis Securities, Buy). Goldman Sachs has Rs 540, Jefferies Rs 520, and Motilal Oswal and JM Financial Rs 500 each.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Kotak_Mahindra_Bank_shares_rise_over_4_on_29_October_2026\"><\/span><strong>Why did Kotak Mahindra Bank shares rise over 4% on 29 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock rose 4.32% to Rs 459 after Q2 FY27 profit rose 26% and brokerages raised or kept positive targets. I found no specific news explaining today&#8217;s jump, so treat the link to the results as likely and not confirmed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Rs_459_the_highest_level_for_Kotak_Mahindra_Bank_since_April_2025\"><\/span><strong>Is Rs 459 the highest level for Kotak Mahindra Bank since April 2025?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That is what the headline says, and it only holds on split-adjusted prices because the bank sub-divided its shares in January 2026. The earlier 52-week high of Rs 453.10 has been exceeded.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Kotak_Mahindra_Banks_Q2_FY27_profit_and_margin\"><\/span><strong>What were Kotak Mahindra Bank&#8217;s Q2 FY27 profit and margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated net profit was Rs 5,645.38 crore, up 26.34%, and standalone profit was Rs 4,212 crore, up 29.5%. Net interest margin was 4.31%, down from 4.54% a year ago.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Kotaks_CASA_ratio_and_margin_fall\"><\/span><strong>Why did Kotak&#8217;s CASA ratio and margin fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bank raised about Rs 55,344 crore of FCNR(B) term deposits, which cost more and have not been fully lent. CASA fell to 38.2% from 42.3%, and management expects the full effect in Q3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_Kotak_Mahindra_Bank\"><\/span><strong>What is the valuation of Kotak Mahindra Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At the previous close of Rs 440 the price to earnings was 20.38 and the price-to-book was 2.25. At Rs 459 my calculation gives about 21.3 and 2.35, with a return on equity of 10.89%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_Kotak_Mahindra_Bank_target_price_article_a_buy_recommendation\"><\/span><strong>Is this Kotak Mahindra Bank target price article a buy recommendation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It sets out reported results and brokerage views. Targets can change and prices can fall after a sharp rise, so check the latest data and consider a SEBI-registered adviser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Kotak Mahindra Bank target price after the Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerage targets I found range from Rs 492 (JPMorgan, Overweight) to Rs 550 (Nuvama and Axis Securities, Buy). Goldman Sachs has Rs 540, Jefferies Rs 520, and Motilal Oswal and JM Financial Rs 500 each.\"}},{\"@type\":\"Question\",\"name\":\"Why did Kotak Mahindra Bank shares rise over 4% on 29 October 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock rose 4.32% to Rs 459 after Q2 FY27 profit rose 26% and brokerages raised or kept positive targets. 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Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Mahindra Bank target price after a 4.3% jump to Rs 459, its highest since April 2025: brokerage targets, Q2 FY27 results, valuation, margin risk and key points to watch.<\/p>\n","protected":false},"author":35,"featured_media":332733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[18272,18266,18271,18270,18268,18269,16005,18267,7720,16003],"class_list":["post-332734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bank-stocks-october-2026","tag-kotak-bank-52-week-high","tag-kotak-bank-brokerage-targets","tag-kotak-bank-casa","tag-kotak-bank-jefferies-target","tag-kotak-bank-jpmorgan-target","tag-kotak-bank-nim","tag-kotak-bank-q2-fy27-results","tag-kotak-mahindra-bank-share-price","tag-kotak-mahindra-bank-target-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["332733"],"rank_math_title":["Kotak Mahindra Bank Target Price After 4% Jump to Rs 459"],"rank_math_description":["Kotak Mahindra Bank target price after a 4.3% jump to Rs 459, its highest since April 2025: brokerage targets, Q2 FY27 results, valuation, margin risk and key facts."],"rank_math_focus_keyword":["Kotak Mahindra Bank target price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/kotak-mahindra-bank-target-price-after-a-4-jump-to-rs-459-the-highest-level.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=332734"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332734\/revisions"}],"predecessor-version":[{"id":332735,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/332734\/revisions\/332735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/332733"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=332734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=332734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=332734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}