Business · Markets · 3 hrs ago
Kotak Mahindra Bank shares reach a record as earnings outlook improves
Shares of Kotak Mahindra Bank hit a record high on Thursday, extending a recent rally.
The stock closed at ₹457 on the BSE, up 3.86% on the day, and is up nearly 30% since the start of April.
The bank had delivered largely flat returns from 2021 to 2024 before its shares gained 25% in 2025.
Analysts expect stronger earnings as lending and deposits grow and the bank puts funds raised through FCNR(B) deposits to use.
They also point to lower credit costs and improving asset quality as support for profitability.
Axis Securities forecasts returns on assets of 2.1% to 2.2% and returns on equity of 12% to 14% for FY27-29, which it says would rank second among large private banks after ICICI Bank.
These forecasts are expectations, and the sources give no specific next step or date for the bank.
Kotak Mahindra Bank shares reached a record high on Thursday as growth prospects and earnings expectations improved.
The shares closed at ₹457 on the BSE, up 3.86% from the previous close, after reaching an intraday high of ₹460.
The stock has gained nearly 30% since the beginning of April and nearly 10% so far in October.
Analysts expect credit growth, lower credit costs and improved asset quality to support earnings.
- Who
- Kotak Mahindra Bank and its shareholders.
- What
- The bank's shares reached a record high as its earnings outlook improved.
- When
- Thursday; the article was published on 30 October 2026.
- Where
- The shares traded on the BSE.
- Why
- Analysts expect stronger growth, lower credit costs and improved profitability.
This story does not have two clearly opposing sides.
Kotak Mahindra Bank shares delivered largely flat returns and underperformed.
The stock gained 25%.
The stock gained nearly 30%.
The shares reached a record high and closed at ₹457 on the BSE.
- BSE closing price
- ₹457
- Intraday high
- ₹460 a share
- October gain
- Nearly 10%
- Gain since early April
- Nearly 30%
- 2025 stock gain
- 25%
What people are saying
Growth is back for the bank. Growth in advances and deposits has picked up, while credit costs are coming down significantly.