HSBC raises target for Kotak Bank stock to INR 520

Published on 10/13/2026 at 14:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kotak Bank's ratio is 21.52 on October 13, 2026. Kotak Bank stock was INR 439.00 on October 13, 2026, down 0.99 percent versus INR 443.40.

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Kotak Bank, INE237A01028, Illustration mit AI erstellt.

HSBC upgraded Kotak Mahindra Bank to Buy and raised its target to INR 520 on October 7, 2026. The target stands 18.45 percent above the bank's INR 439.00 price, using the same Indian currency. The report linked the upgrade to loan growth, earnings prospects and greater clarity over leadership.

Target reaches INR 520

According to Moneycontrol on October 7, 2026, HSBC lifted its target to INR 520 per share and upgraded the rating to Buy. The same report said HSBC increased its earnings-per-share estimates for fiscal years 2027 through 2029 by 1.00 percent to 14.00 percent, while the target revision was tied to stronger loan growth and steady net interest margins.

The target is 18.45 percent above the current INR 439.00 level. That gap is wider than the bank's immediate daily move, so the analyst view remains a valuation reference rather than a description of the session.

Valuation and yearly range

Kotak Bank's price-to-earnings ratio was 21.52 on October 13, 2026, while its market capitalization was INR 4.4 trillion. The 52-week range was INR 345.50 to INR 453.20, placing the current price 3.15 percent below the yearly high and 27.10 percent above the yearly low.

The bank's trading volume was 20,891,400 shares on October 13, 2026, compared with an average volume of 15,398,854 shares. The session price therefore sat below the yearly high even as turnover exceeded the reported average.

Comparison with peers

Kotak Bank (NSE, INR): minus 0.99 percent, P/E 21.52, market capitalization INR 4.4 trillion
HDFC Bank (NSE, INR): plus 1.29 percent, P/E 13.95, market capitalization INR 11.0 trillion
ICICI Bank (NSE, INR): plus 1.51 percent, P/E 17.58, market capitalization INR 9.8 trillion

Price and investor reference

Kotak Bank was last at INR 439.00 on NSE on October 13, 2026 at 3:28 p.m. IST, down 0.99 percent versus the prior close of INR 443.40. The valuation gap to HSBC's INR 520 target and the 3.15 percent distance to the 52-week high provide the clearest numerical markers for the stock's current position.