Brokerage Report on Bank Shares: Brokerage Morgan Stanley has released its latest report on IndusInd Bank and Kotak Bank and also aims to buy here.
What investors should do in IndusInd Bank and Kotak Bank
Brokerage firm Morgan Stanley has maintained an overweight rating on the stock. Brokerage Bullish has given a target price of Rs 1350 for buying here. By buying here, investors can get up to 50 percent return.
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Also, Kotak Mahindra Bank’s brokerage report holds an equivalent rating. Here the brokerage house has given a target price of Rs 2250 and if you invest money here, the investor can get a return of up to 29 percent.
Why experts are bullish on these bank stocks
Brokerage house Morgan Stanley says management of IndusInd Bank is also focusing on product prices. The brokerage has expressed positive optimism about the bank’s growth. Apart from this, growth rate is also being noticed in Kotak Bank. Investment in technology and new business ventures continues.
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)