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Motilal Oswal keeps BUY on four Indian private banks after quarterly results

Motilal Oswal reaffirmed BUY on Kotak Mahindra, IDFC First, DCB and AU Small Finance Bank after Q2 FY27 results, with targets from INR100 to INR1,275.

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what happened

Motilal Oswal has kept its BUY rating on four Indian private banks after their second-quarter FY27 results. The research note is reported by TradingView, which cites the brokerage.

Kotak Mahindra Bank has a target of INR500. Standalone PAT was INR42.1b, in line with expectations and up 29% year on year, while consolidated PAT reached INR56.4b, up 26%. Its net interest margin fell to 4.31%, below the 4.43% estimate, mainly due to strong FCNR(B) deposit sourcing.

IDFC First Bank has a target of INR100, with PAT of INR10.4b, up 197% year on year, and an NIM of 5.58%. DCB Bank has a target of INR245, with PAT of INR2.36b, 7% above the brokerage's estimate. AU Small Finance Bank has a target of INR1,275, with PAT of INR8.6b, up 53%, and business growth of 28.5%.

why it matters

The sector picture is mixed. Loan and profit growth look strong, but several banks saw margin pressure from costlier FCNR(B) deposits, a trend investors will be watching closely.

tags

Analyst RatingEarningsStockIndia

instruments

Kotak Mahindra BankIDFC First BankDCB BankAU Small Finance BankNifty Bank

sources

  1. Buy Kotak Mahindra Bank; target of Rs 500: Motilal Oswal — TradingView, 26 October 2026 at 09:04 UTC
  2. Buy IDFC First Bank; target of Rs 100: Motilal Oswal — TradingView, 26 October 2026 at 09:04 UTC
  3. Buy DCB Bank; target of Rs 245: Motilal Oswal — TradingView, 26 October 2026 at 09:04 UTC
  4. Buy AU Small Finance Bank; target of Rs 1275: Motilal Oswal — TradingView, 26 October 2026 at 09:03 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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