At 48 times the FY26 price-to-earnings estimate, Kotak believes that the long-anticipated earnings recovery is fully factored in, retaining a ‘Sell’ rating due to expensive valuations.
At 48 times the FY26 price-to-earnings estimate, Kotak believes that the long-anticipated earnings recovery is fully factored in, retaining a ‘Sell’ rating due to expensive valuations.