HSBC raises Kotak Mahindra's target to ₹520, cites loan growth

HSBC revised its target price for Kotak Mahindra Bank from ₹430 to ₹520, citing stronger loan growth and improved EPS outlook. The bank reported nearly 25% YoY loan growth, over 23% deposit growth, and double-digit CASA growth, keeping investor sentiment positive despite the RBI repo rate hike.