Kotak Mahindra Bank Ltd

CMP: 481

Kotak Mahindra Bank Limited is a full service commercial bank. The Bank offers a wide range of products and services including personal, commercial, and corporate banking services, including deposit accounts, loans, and investments.

Kotak Mahindra Bank is a good bet in large-cap space. Its currently trading at a P/E of 38. High P/E is justified for high growth outperforming its peers. Revenues have risen from 1354 Crores to 4303 Crores in the last 5 years. Profits have risen more from 141 Crores to 819 Crores in the same period. NPM has risen impressively from little over 10% to 19% over the last 5 years. FY12 Q3 advance tax has risen to Rs 150 crore versus Rs 80 crore (YoY) which is a major positive. Buy, accumulate on dips and hold for long term gains.