Kotak Mahindra Bank Share Price Target: Is it time to BUY? MOSL predicts 20% upside

Price Target: Kotak Mahindra Bank’s shares have fallen over 2 per cent in the past six months and more than 6 per cent in the past three months. This has left many investors wondering whether the decline is a red flag or a buying opportunity. According to analysts at the domestic brokerage firm MOSL, the recent price drop could be a chance for investors to buy. MOSL has maintained a 'buy' rating on the large-cap banking stock, setting a target price of Rs 2,400. Why analysts bullish on Kotak Mahindra Bank shares? MOSL's positive outlook is based on several key factors: Strong fundamentals: The bank is seen as having a stable foundation Margins: Net interest margins (NIMs) are expected to stabilize and recover from the third quarter of FY26 Return ratios: Return on assets (RoA) is projected to reach 2% and return on equity (RoE) is expected to hit 12.8% by FY27 Loan growth: KMB has maintained its loan growth within a disciplined range of 1.5–2 times, ensuring stable expansion without compromising profitability Provisioning costs: Full-year credit costs are projected to moderate to around 70 basis points, a significant improvement from the 93 basis points recorded in Q1 FY26 MOSL analysts also noted that while the bank's performance is expected to be modest in the current year, it's poised for strong future growth. They project a 20% earnings CAGR (compound annual growth rate) from FY26–28, driven by lower credit costs and a steady rebound in core operations. Kotak Mahindra Bank Share Price Target MOSL has maintained a 'buy' call on the largecap banking stock with a target of Rs 2,400, valuing it at 2.4 times FY27 estimates. The stock target implies a potential upside of 18.20 per cent or Rs 369.6 per share from Friday's (September 19) closing. Kotak Mahindra Bank stock vs BSE Sensex: Past performance