Kotak Bank shares: Nuvama cuts target price by 27%, says switch to ICICI, Axis, IndusInd, HDFC Bank

Kotak Mahindra Bank: The domestic brokerage said that the recent changes shall hurt growth and profit at least for 12–18 months. It has cut target multiple sharply to 1.7 times PBV FY26E from 2.2 times

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