Prabhudas Lilladher lifts target for Kotak Bank stock to INR 500

Published on 10/16/2026 at 15:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kotak Bank reviews results on October 24, 2026. Kotak Bank stock was last at INR 447.40 on October 16, 2026, down 0.12 percent on NSE.

Analyst target and reporting date

Prabhudas Lilladher raised its Kotak Bank target to INR 500 on October 1, 2026.
Kotak Bank scheduled results for October 24, 2026.
Kotak Bank stock was last at INR 447.40 on the NSE on October 16, 2026, down 0.12 percent on the day.
Kotak Bank reported a P/E ratio of 21.93 and market capitalization of INR 4.5 trillion.

Kotak Bank, INE237A01028, Illustration mit AI erstellt.

Prabhudas Lilladher raised its target for Kotak Bank from INR 480 to INR 500 in a report dated October 1, 2026, according to DSIJ. The revised target stands 11.75 percent above the latest NSE price of INR 447.40. Kotak Bank was last at INR 447.40 on October 16, 2026 at 3:28 p.m. IST, down 0.12 percent on the day.

Target rises as leadership changes

The broker retained its Buy rating while lifting the target by INR 20. The report linked the revision to a valuation roll-forward based on September 2028 core adjusted book value and kept the multiple at 2.00 times. It also identified capital use, loan growth, the gold-loan strategy and the unsecured-loan mix as issues that could affect execution.

Prabhudas Lilladher cited leadership continuity after the Reserve Bank of India approved Anup Kumar Saha as managing director and chief executive officer for a three-year term beginning January 1, 2027. The bank's board still has to complete formalities and seek shareholder approval, according to the same October 1 report.

Results date sets the next marker

Kotak Mahindra Bank scheduled a board meeting for October 24, 2026, to consider standalone and consolidated unaudited results for the quarter and half year ended September 30, 2026, according to BSE Nexus. That date gives the target and its valuation a defined near-term checkpoint.

The latest available valuation snapshot puts Kotak Bank's P/E ratio at 21.93 and market capitalization at INR 4.5 trillion. Its 52-week range is INR 345.50 to INR 453.20, leaving the latest price INR 5.80 below the high and INR 101.90 above the low. Trading volume was 25,164,919 shares against an average of 16,126,527.

Comparison with peers

Kotak Bank: minus 0.12 percent, P/E 21.93, market capitalization INR 4.5 trillion
HDFC Bank (NSE, INR): plus 0.28 percent, P/E 14.24, market capitalization INR 11.2 trillion
ICICI Bank (NSE, INR): plus 0.55 percent, P/E 18.06, market capitalization INR 10.0 trillion

Price position and valuation

Kotak Bank's latest price sits below its 52-week high while its valuation multiple remains above those of HDFC Bank and below ICICI Bank. The next scheduled results date is October 24, 2026, when investors will receive the bank's September-quarter and half-year figures.

Market context: Market report BSE Sensex.