Define “Uday Kotak” premium for Kotak Mahindra Bank?
2020:-
Loan Book-315,000cr
Profits-11,422cr
Price-Rs 1710
Valuation-5x P/Bx
2023:-
Loan Book-425,000cr
Profits-21,527cr
Price-Rs 1780
Valuation-3x P/Bx
Loan Book increased
Profits increased
But the valuation saw a de-rating
The market was correcting the “Uday Kotak” premium for the bank.
Source : Adityad_Shah
Stock is not going anywhere.
I think it will be the result under the new leadership that will be the next trigger.
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