HSBC raises target for Kotak Bank stock to INR 520

Published on 10/14/2026 at 17:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net advances rose 24.70 percent year over year to INR 5.77 trillion. Kotak Bank stock last stood at INR 438.05 on October 14, 2026.

Targets and reporting dates

HSBC lifted its Kotak Mahindra Bank target to INR 520 on October 7, 2026.
Second-quarter net advances rose 24.70 percent year over year to INR 5.77 trillion.
Kotak Bank stock was last quoted at INR 438.05 on October 14, 2026.

Kotak Bank stock, banking, HSBC target, quarterly results, NSE, Illustration mit AI erstellt.

HSBC raised its target for Kotak Mahindra Bank to INR 520 on October 7, 2026, after stronger loan growth and clearer leadership plans. Kotak Bank stock was last quoted at INR 438.05 on the NSE on October 14, 2026 at 3:29 p.m. IST.

HSBC sees stronger loan growth

According to CNBC TV18 on October 7, 2026, HSBC upgraded the bank to Buy and set a INR 520 target. The brokerage also raised its earnings-per-share estimates by 1 percent to 14 percent for fiscal years 2027 through 2029, citing faster loan growth and stable net interest margins.

The target revision followed a provisional second-quarter business update. BusinessWorld reported that end-of-period net advances rose 24.70 percent year over year to INR 5.77 trillion, while deposits increased 23.20 percent to INR 6.51 trillion. CASA deposits grew 11.30 percent to INR 2.39 trillion.

Three recent milestones

On October 5, 2026, the bank disclosed an update on the appointment of Anup Kumar Saha as managing director and chief executive officer. On October 7, 2026, HSBC raised its target to INR 520, while Goldman Sachs raised its target to INR 540 and retained its Buy rating, according to CNBC TV18. On October 8, 2026, the bank announced a board meeting for the September 30, 2026 quarter and half-year results.

What comes next for reporting?

BSE Nexus lists October 24, 2026 as the scheduled board meeting date for the September 30, 2026 results. The leadership transition is scheduled for January 1, 2027, when Anup Kumar Saha is set to take over as chief executive officer.

Stock valuation and trading level

Kotak Mahindra Bank was last quoted at INR 438.05 on the NSE on October 14, 2026 at 3:29 p.m. IST. The market capitalization was INR 4.4 trillion, while the 52-week range stood at INR 345.50 to INR 453.20. The stock therefore remained INR 15.15 below its 52-week high, a gap of 3.34 percent calculated against the high.