Kotak Bank is another under performer in our market post budget days. Technically Kotak Bank (CMP: 1312) has positional support of around 1269 & below that 1236. Consecutive closing below 1236, it could fall to 1155 area (low probability as of now).
It has already took support of 1269 few days ago and now sustain above 1320-1345 zone, Kotak Bank may target 1390 & 1456 zone in the short term.Its mid term target may be around 1655.
Being a new generation bank, it may have less assets/NPA concerns comparable to its peers. With the acquisition of ING Vysya Bank, it has got much bigger & stronger loan portfolios & other assets and a superb distribution reach (specially in Southern India) of around 1000 branches all over India as of now. With a strong financial muscle & diversified portfolio and acquisition spree, Kotak Bank may be another "bright spot" in "Shinning India" in the coming days.
As par BG model of techno/funda valuation metrics, median value of Kotak Bank is around 1020 (considering average PE multiple of Banking Industry of around 23.23), but considering its own historical average PE of around 47.25, the median value is around 1456 under the current market scenario.
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | LONG TERM | SHORT TERM | MEDIAN VALUE | 200-DEMA | 10-DEMA |
| KOTAKBANK | 36.21 | 247.03 | 23.23 | 985.47 | 1056.22 | 1020.85 | 1154.54 | 1326.27 |
| KOTAKBANK | 36.21 | 247.03 | 47.25 | 1405.46 | 1506.37 | 1455.92 | 1154.54 | 1326.27 |
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