Why has Goldman Sachs upgraded Kotak Bank?
Answer
Answer
Answer
Goldman Sachs expects Kotak Bank market capitalization to cross $100 billion by FY27. It has given a buy on Kotak Bank at a price of Rs1,707 with a target price of Rs2,135. HDFC Bank is the only financial services outfit to briefly cross $100 billion market cap mark. Risk appetite and asset sweating could drive Kotak Bank valuations.