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Kotak Mahindra Bank Shares Surge After Nomura Upgrade, Forecasts 25% Upside; See Top Picks

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Kotak Mahindra Bank Shares Surge 3% on Nomura Upgrade, 25% Upside Seen

Kotak Mahindra Bank | The private sector lender has announced a stock split, reducing the face value of its equity shares from ₹5 to ₹1. The stock will trade ex stock split from Wednesday, January 14.

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CNBC TV18•24-03-2026, 12:36

Kotak Mahindra Bank Shares Surge 3% on Nomura Upgrade, 25% Upside Seen

•Kotak Mahindra Bank shares gained nearly 3% after Nomura upgraded its rating to "buy" from "neutral".
•Nomura set a revised price target of ₹445, implying a potential upside of close to 25%.
•Nomura expressed caution for the banking sector, noting credit growth built on borrowed time due to liquidity buffer usage.
•The brokerage highlighted rising system credit-deposit ratio and declining liquidity coverage ratios.
•Kotak Mahindra Bank is among Nomura's top private banking bets, alongside Axis Bank and ICICI Bank.

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