Kotak Mahindra - All in one!
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Large Cap Blue Chips
Forum Discription: You would not need to read any note, brokerage reports or wait for FII recommendation to buy these stocks. These are solid companies with established business & are akin to family silver.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=614
Printed Date: 22/Apr/2025 at 7:04am
Topic: Kotak Mahindra - All in one!
Posted By: basant
Subject: Kotak Mahindra - All in one!
Date Posted: 26/Sep/2006 at 11:51am
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Kotak Bank is planning to demerge its trading business. While the fine print is still to be read I believe taht this could be another block buster opportunity. Today India Bulls trades at a market cap of Kotak Bank. The online clients at India Bulls is greater thouigh.
Kotak bank is into http://www.theequitydesk.com/forum/forum_posts.asp?TID=247 - Retail Banking , http://www.theequitydesk.com/forum/forum_posts.asp?TID=202 - Insurance Asset management etc. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Replies:
Posted By: reetesh
Date Posted: 22/Nov/2006 at 9:59pm
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Sir, What is your view on Kotak Mahindra Bank? They are also into Life Insurance, Investment banking etc... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 22/Nov/2006 at 7:14am
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Excellent choice. Should do very well over the next 2-3 years. Has a lot of hidden and valuable assets. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 22/Nov/2006 at 9:59am
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Sir, Can you elaborate on there hidden values? if your reply was for my question? ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 22/Nov/2006 at 10:41am
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Insurance, Asset management company, Private Banking, Equity holdings in valuable assets like Businesss Standard etc. The calculation is difficult to do since perfect details are not available. Do not look at this stock on PE/EPS basis! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 22/Nov/2006 at 11:05am
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OK, any idea how much they own in Business-Standard and they also has Kotak Securities? ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 22/Nov/2006 at 11:08am
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Yes Kotak securities, How could I forget that. Business standard they have a minority stake maybe less then 20% not sure about the actual number. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 22/Nov/2006 at 11:14am
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Thats what I thought how could you forget Kotat Securities it happens, they also bought back stake in there JV and now I think they hold 100% in Kotak Securities? Looking at other brokerage companies and there value how much on market cap. basis you will give Kotak Securities? ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 22/Nov/2006 at 11:17am
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Do not know much in detail since we would have to work with IndiaBUlls - brokerage arm mcap and compare with Kotak sec number of active subscribers but the value is there for sure deep and solid. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 22/Nov/2006 at 11:56am
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One more facet of Kotak Bank is there Investment banking.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: xbox
Date Posted: 23/Nov/2006 at 6:11am
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Kotak demerger looks interesting. Basant jee, do u have fine print of arrangement. Is it one entity demerger or 2 entity demerger ?
As all know I like financial sector, yesterday I started looking into kotak. I found that Kotak has lots of bones but less of flesh on this (as it should have been by now). They are into all operations of financials yet they are not leader in any of them. Even they are not as aggrasive as others are. In securities, they became aggasive off late, as entry of R-trade etc.
Their banking operation is not generating profits as other banks of similer profile has. Their consumer finance is no where close to leaders. For investment banking there is no listed peers so I can't compare.
All in all kotak is one non so aggrasive private retail bank. Although they have lots of intrastrucute. 78 branches, 200+ securities offices etc etc.
Also at the time of Goldman's stake buyout he refused any demerger but now there is one on the table. I am confused little bit.
To summarise all, kotak demerger announcement looks interesting whereas current operations (specially retail) are not aggrasive as one expects it to be. He looks to bring strategic stakes to banking post '09 (i guess).
Your view Basant jee is highly welcome. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 23/Nov/2006 at 10:44am
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No I do not have that but you have raised a very interesting point that they are yet to be leaders in any of the spaces. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 23/Nov/2006 at 11:22am
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If they are not aggressive then would not add 50 branches per year, you also need to look at the point that Kotak is a relatively new bank (growing 50% YoY look at consolidated figures) and there is lot of barrier(for opening brances etc..) by RBI, we invest looking at bones and family it belongs to by the time flesh comes (it will sooner rather than later) we will se where the price is at that time.... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: xbox
Date Posted: 23/Nov/2006 at 11:28am
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Most likely Kotak is thnking of bringing strategic investor to each business. Like chola, sundaram they might bring somebody for 'its AMC. They have one for insurance. They badly need one for banking operations.
ICICI has Temasek, HDFC has citibank, CBoP has Foreign banker, YES has Rabo, similerly KMB needs strong foreign sholder.
Not sure about's investment and tdrading businesses. Kotak has just exited global partner. In my opinion they should have retained Goldman.
More or less kotak is Lala company not a professionaly managed company like icici and hdfc etc.
I wish good luck to Mr. Kotak. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: reetesh
Date Posted: 23/Nov/2006 at 11:30am
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One general question to everyone if you want to buy leader in Banking sector which one you would go for..
1. SBI
2.ICICI Bank
3.HDFC BANK
Most of you will buy from 3 to 1 rather than 1 to 3 in order... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 23/Nov/2006 at 11:36am
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Depends on whetehr you are looking at EPS growth or market share! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 23/Nov/2006 at 11:38am
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if you want to buy leader in Banking sector which one you would go for..
1. SBI
2.ICICI Bank
3.HDFC BANK
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On the basis of leadership, order is correct.
Leader is not always mean more profitable, better roe, per etc. etc.
One needs to rate these based on current valution and future growth. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 12:40pm
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Not sure about's investment and tdrading businesses. Kotak has just exited global partner. In my opinion they should have retained Goldman.
More or less kotak is Lala company not a professionaly managed company like icici and hdfc etc.
I wish good luck to Mr. Kotak.
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Although I am not a stake holder here (not yet) but on Mr. Kotak behalf let me thank you for your thought. If Kotak is a LALA company then Uday kotak is very smart person I wonder how a LALA can run a bank? LALA can run a retail company (Kirana shop in a way) like Kishore Bhiyani. Although he is also getting into Financial Services.. Nice thought though...
Note: Some part of my reply is thought some of it Joke. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 12:57pm
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Please note that there is no de-merger of Kotak Securities with Kotak Bank. The Bank has announced de-merger of the Primary Dealership division of Kotak Capital Company Limited into the Bank, which is in progress. ------------------------------------------------------------------ Sir, This is reply what I got when I enquired about de-merger of its Trading Division, what does this mean?------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 24/Nov/2006 at 1:06pm
Means what I was thinking and what the channles reported is not happening. To find out what is happening I am still scratching my head ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 1:35pm
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Sir, is it advisable to look at consolidated numbers or just bank operation numbers? ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 24/Nov/2006 at 2:18pm
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Always consolidated since the stock price denotes all businesses. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 3:07pm
Right. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 12:53pm
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Tried to find out there stake in Business Standard, if they have not sold anything then they are at this point majority shareholder in Business-Standard (51% stake).. But hard to believe.... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: xbox
Date Posted: 24/Nov/2006 at 9:27am
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The Bank has announced de-merger of the Primary Dealership division of Kotak Capital Company Limited into the Bank, which is in progress.
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I liked this idea. All retail operations must be at sinlge entity but Kotak needs one strategic partner. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 24/Nov/2006 at 9:41am
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I do not think they are majority shareholders there. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 24/Nov/2006 at 11:48am
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I am not sure why they need strategic partner. Whats wrong in it to go alone I dont understand? Just because HDFC Bank, ICICI Bank, YES bank has X,Y,Z, investor(s), thats why they also need a big investor I don`t agree, that must do value addtion to anything and I am not sure what else a BIG western country investor will bring in to Kotak Bank. As far as YES having RABO bank with it is concern, they need them because that will bring money and expertise, ICICI and HDFC had to sell some part of there promoter stake to any investor be it small or strategic partner because of RBI guidelines... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 25/Nov/2006 at 12:45pm
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Kotak are de-merging there investment banking division from Kotak bank..
Kotak Mahindra Capital Company (KMCC) helps leading Indian corporations, banks, financial institutions and government companies access domestic and international capital markets. It has been a leader in the capital markets, having consistently led the league tables for lead management in the past five years, leading 16 of the 20 largest Indian offerings between fiscal 2000 and 2006. KMCC has the most current understanding of investor appetite, having been the leading book runner/lead manager in public equity offerings in the period FY 2002-06 (Source: Prime Database). ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 26/Nov/2006 at 11:57am
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As indicated on Page 13 of our Annual Report, the Kotak Group holds 39.98% in Business Standard. This what is I got from them.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 27/Nov/2006 at 2:26pm
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Sir, can you give us a ballpark figure of Business-Standard? (How much it is worth) ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 27/Nov/2006 at 2:35pm
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I was thinking of that but we cannot compare it to anything since ET is not listed. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 27/Nov/2006 at 2:47pm
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Ok, I understand that Deccan is in some what different business, but just if we can compare, after ET, BS comes in pink paper.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: vivekkumar_in
Date Posted: 19/Jan/2007 at 4:12am
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Basantji, Any idea why Kotak Bank enjoys a Price to Book value of 17 while leaders like HDFC bank are at 10. Also the PE is around 116.
Do you think Kotak Bank is a good buy at current levels.. ? If so can it say increase CAGR 40% plus for next 2-3 yrs..
------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 19/Jan/2007 at 8:57am
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That PE/Price to book would always be high. Kotak has a clutch of businesses like insurance,Broking etc which are embedded in the Kotak Bank so a comparision would always be misleading. For a diversified portfolio looking to make 30% plus returns it is a sure buy. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vip1
Date Posted: 22/Jan/2007 at 1:54pm
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Posted By: xbox
Date Posted: 22/Jan/2007 at 2:01pm
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Q3 HIT. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: xbox
Date Posted: 23/Jan/2007 at 5:10am
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It's investment banking entity is worth owning. I see some change in thier core business. Anyway Y'2009 will be very interesting for this bank. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 23/Jan/2007 at 8:43am
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kotak Securities has about 9% of the NSE's trading volumes. India Bulls has about 4% so if we double India Bulls market cap then the other businesses at Kotak are available for a song. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 23/Jan/2007 at 9:17am
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India Bulls market cap then the other businesses at Kotak are available for a song.
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Restructuring which is undergoing at KMB should expose hidden jewels in various subsidiaries.
 Indiabulls play is more on unrelated foray and demerger theme whereas kotak is complete financial play like ICICI Bank (but unlike HDFC Bank). Both are good and bad as ppl say beauty lies in beneath eye... ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: vip1
Date Posted: 23/Jan/2007 at 9:36am
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Kotak bank's annual report is one of the best A.reports I have read . Clear and very well illustrated for a common investor. I invested as soon as I went thru it . |
Posted By: deveshkayal
Date Posted: 24/Jan/2007 at 12:37pm
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Kotak and Enam has been mandated as book-running lead managers for IVRCL real-estate subsidiary which is expected to be around 500-600 crores.The problem with its investment banking is they may not get multi-billion dollar deals for that you need to have global footprint.Uday Kotak made a big mistake by exiting its JV with GS. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: xbox
Date Posted: 24/Jan/2007 at 1:25pm
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Uday Kotak made a big mistake by exiting its JV with GS
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Mr. Uday is known for his shrewdness in the industry. He will not pay top USDs for GS stakes without a plan. In my personal opinion GS was keen to get larger pie or exit (as kotak has first refusal right). It is time for GS and smiler FIIs to larger bets. Mr. Kotak did not offered him so GS exited. Now GS is free to operate in India.
In short-term, it is definitely bad for Kotak but in long run, it may be beneficial to him. By doing this he .....
1. Gets larger control over entities and because of so he is doing restructuring of KMB. He may bring strategic investor/FII in investment banking entity.
2. Gets shares from GS at x, which he will sell at multi-x. So share price has become like entropy which always increases with time.
Remember Many times, Bharti Mittal regret selling it's stake too early. When execution is correct, buying back shares make more sense.
but yes, what minority shareholder gets from all these is a big question and will remain big question in such one-man show.
Remember, Promoter always think of himself first, second to customer and third to minority shareholder. Be it INFY or RIL. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: vip1
Date Posted: 24/Jan/2007 at 1:59pm
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Uday Kotak made a big mistake by exiting its JV with GS
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Remember, Promoter always think of himself first, second to customer and third to minority shareholder. Be it INFY or RIL.
absolutely right Vipul , Uday kotak had his way and bought back his rest business(25%) very cheap .
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Posted By: basant
Date Posted: 24/Jan/2007 at 3:53pm
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Vipulji: I like the way you analyse things. Stock market is not always a PE/EPS phenomenon because numbers are formed out of business dynamics which smart investors need to understand, analyse and predict.That is why I carry this tagline. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: s_praharaj
Date Posted: 24/Jan/2007 at 10:53pm
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Kotak Bank is also one of the fastest growing new genaration Banks. Not a bad investment at today's rate.
Uday Kotak is not only shrewd, he is also highly talented.
I have heard, he is the brother-in-law of Anad Mahindra. ------------- Shashi Praharaj |
Posted By: xbox
Date Posted: 24/Jan/2007 at 5:21am
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Uday Kotak is not only shrewd, he is also highly talented
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Well!! He is shrewd and influencial guy. I am not questioning this talent in this public forum. He works like a lala guy. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: deveshkayal
Date Posted: 09/Feb/2007 at 10:11pm
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You've said that your decision to buy out GS holdings in KMC and KSec was driven by the desire to raise aspirations and scales.Have you grown up to be a brand so strong that the lack of foreign partner is not going to be a hurdle going hurdle?
You come into situation where you have to make a call: either you build a financial institution or let one arm and leg go.I was not ready to let that go.I do believe that our model is integrated, it is focused on both products and customers.India is at a great point of time in its history and this is the time to build - we did not think it wise to sell in the interest of our shareholders.When you buy or build, you need to think it in terms of shareholder value.That should be the driving point.
Source: Outlook Business ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: Mr. V
Date Posted: 09/May/2007 at 2:20am
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Seems like the discussion on Kotak Mahindra has stalled.
Is KTB a spin off play ?
The Group Structure page seems to imply that KTB owns more or less 100% of all its subsidiaries.
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Posted By: deveshkayal
Date Posted: 10/May/2007 at 12:11pm
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Kotak is one of the lead managers of DLF and has been shortlisted for ICICI Bank public issue of 15000 crs....so approx.25,000 crs issue managed by Kotak in the next three months....Meanwhile Nilesh Shah of Kotak AMC has quit. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 10/May/2007 at 12:30pm
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Devesh you are working like Reuters!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: patnitin
Date Posted: 10/May/2007 at 1:29pm
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Basantjee,
While Kotak Bank has been a multi bagger for me but i have been left with very less qty now.Would you suggest a switch from UTI bank to Kotak bank?Since UTI bank will loose its brand name UTI next year I was exploring whether to switch to Kotak?
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Posted By: omshivaya
Date Posted: 10/May/2007 at 1:38pm
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Yes, Devesh ji aka our very own reuters man. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 10/May/2007 at 2:08pm
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Both UTI and Kotak are good but I would prefer Kotak to UTI. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: CHINKI
Date Posted: 10/May/2007 at 6:53pm
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Basanthji,
I donot own any bank stocks that are discussed in this forum (ICICI, HDFC, YES, KMB). As I have been restructuring my portfolio, I was thinking of HDFC, YES and KMB. If I have to enter in any of the two of the three above, which two would be your choice?? There is always a feeling that these stocks would have already appreciated much. Will your choice give 3 baggers from now on within next 3 years??? ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: basant
Date Posted: 10/May/2007 at 7:12pm
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3 in 3 looks tough except for Yes (but it comes with higher risk) and KMB if they spin off their divisions.
HDFC Bank is 3 times in 4 years. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 10/May/2007 at 5:36am
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Basant jee,
Unknowingly you have given new mantra to represent future prospects of any stock to Teddies...
3x3 for KMB, 3x4 for HDFC Bank. What about 4x4 all wheel drive ...
<<Lighter note>>Way back in 1997 or so, Wipro had one target. It was called 4x4. It meant that 4 b USD by 2004. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: CHINKI
Date Posted: 10/May/2007 at 6:33am
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Thanks Basanthji.
What about your other choices (Pantaloon and TV18) in the next three years??? Would it be 5 baggers????? ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: basant
Date Posted: 10/May/2007 at 9:15am
That is the hope  ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mr. V
Date Posted: 15/May/2007 at 2:24am
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KMB is carrying a portfolio of stressed assets valued at 5000 cr. This is a very lucrative business and management is very upbeat about its future potential.
Can someone provide the kind of profit margins or similar comparitive figures that this business can provide ?
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Posted By: xbox
Date Posted: 15/May/2007 at 5:25am
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Value unlocking process is quite on. Demerger is on the cards. Hold.. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 15/May/2007 at 9:54am
Uday Kotak has already indicated that he is contemplating a spin off of KMB. Work in progress I assume. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vip1
Date Posted: 05/Jun/2007 at 8:45pm
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Uday Kotak has already indicated that he is contemplating a spin off of KMB. Work in progress I assume.
Basant,
Kotak Bank's stock is getting active .Any further News on the above ?
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Posted By: basant
Date Posted: 05/Jun/2007 at 8:57pm
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No officical news on this one but i think we are not giving due credit to Kotak Bank in our discussions it deserves more cloer research and following on this forum.
Kotak Bank is in a space where scalability is a non issue it has got almost everything. Personally I never looked into it because it had a very complex nature of business holdings but think of Insurance, MF,POrivate equity, PMS, Banking, all under one roof!
Is a sure competitor to reliance cap but unlike marathon ambani Uday Kotak knows ROE and is not afrequent equity diluter! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vip1
Date Posted: 05/Jun/2007 at 9:34pm
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Basant,
You are quite right. It was only after I read its Annual report last year that I increased my stake . Uday Kotak wrote that he wants to see Kotak bank in the same league as the top investment Banks of the World!
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Posted By: xbox
Date Posted: 05/Jun/2007 at 11:02am
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Kotak Bank was favorite in my mind for quite some time but one day I have to decide to stay with one boat. So I opted for YES Bank. Kotak has it's own space in sky. But when I was to select one out of two [many] I opted for vision, execution & transparency against value. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: deveshkayal
Date Posted: 23/Jun/2007 at 12:51pm
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Kotak Bank has informed the BSE that the Bombay High Court has passed an order approving the scheme of arrangement for the transfer by way of a demerger of Kotak Mahindra Capital. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 23/Jun/2007 at 1:41pm
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This was the much needed trigger. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: RITESH KAMANI
Date Posted: 23/Jun/2007 at 1:52pm
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SIR,WHAT IS YOUR 1 YR PRICE TARGET FOR KOTAK |
Posted By: basant
Date Posted: 23/Jun/2007 at 2:03pm
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No targets buy and enjoy!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: drpatils
Date Posted: 23/Jun/2007 at 2:54pm
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Beware! The current PE of Kotak Bank is 139.52, whereas all other banks are trading at a PE of around 5-20. SBI trades at a PE of 16.66 By this comparison KotakBank is worth only Rs. 72.80! [606.9 /(139/16.66)] ------------- The journey of thousand mile begins with single step-Chinese Proverb |
Posted By: basant
Date Posted: 23/Jun/2007 at 4:03pm
This should be helpful.
http://www.theequitydesk.com/forum/forum_posts.asp?TID=946 - http://www.theequitydesk.com/forum/forum_posts.asp?TID=946
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: drpatils
Date Posted: 23/Jun/2007 at 4:12pm
Thanks Basant Ji...Learning is advancing to next level.. ------------- The journey of thousand mile begins with single step-Chinese Proverb |
Posted By: kishanpv
Date Posted: 23/Jun/2007 at 6:17pm
| basantji, tks for the trigger from u r side :) |
Posted By: reetesh
Date Posted: 29/Jun/2007 at 1:57am
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Atlast this stock is being discussed on TED, someone very early on this thread mentioned that this is a Baniya bank and it is not a leader in any of its operations. Since then this stock has almost doubled (90%) and now it is the 3rd largest private sector bank and sooner rather than later will or rather become 2nd... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: xbox
Date Posted: 29/Jun/2007 at 2:35am
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Atlast this stock is being discussed on TED, someone very early on this thread mentioned that this is a Baniya bank and it is not a leader in any of its operations. Since then this stock has almost doubled (90%) and now it is the 3rd largest private sector bank and sooner rather than later will or rather become 2nd...
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Well!! stock is rising due to 2 reasons...
a. Overall optimism in Banking sector.
b. Demerger of investment banking.
I still continue to believe what I said. As per facts goes, UTI Bank & CBoP are also bigger banks than KMB.
Reetesh jee, baniya/marwari poora stock market chala rahe hai to KMB kya cheez hai!! Baniya profit ke liye hi to kam karta hai!!. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: reetesh
Date Posted: 29/Jun/2007 at 2:47am
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Overall optimism started because of these bank moved so much, as far as your comments are concerned about marwaris, I think you need to re-visit what I said, I said "I was told this is a Baniya bank" I never said it. Anyboby who works, wo profit soch ke hi kam karta hai, itna to hum bhi jante hai ki Baniya itna samajhdar hote hai.... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: reetesh
Date Posted: 29/Jun/2007 at 2:49am
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One more thing Vipul that as far as my knowledge goes Kotak is not de-merging its Investment Banking arm it is de-merging a wholly owned arm which deal into bonds, etc trading. Although I must confess this is my source of info. please confirm at your end...
------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 29/Jun/2007 at 7:28am
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Vipulji: Over the past few months I have realised that we do not need to buy the number 1 bank to make money. See HDFC Bank, it has never been number 1 but still its shareholders have made money. Banking seems to be a strange buisness really! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 29/Jun/2007 at 9:24am
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KMB is demerging Kotak Mahindra Capital Company Ltd. Basant jee, in Banking all are making money 1,2 ,3 or 4. Despite all skepticism, ICICI Bank is going strong day by day. HDFC Bank is doing great business. Kotak in unlocking value by demerger. CBoP is working on merger & acquisition formula etc. etc. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: reetesh
Date Posted: 30/Jun/2007 at 1:31pm
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Thanks Sir for taking cognizance of my view. We had this discussion earlier about being No. 1 and No.2 dont make difference with Banks. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: nikhil090
Date Posted: 30/Jun/2007 at 2:48pm
| Good to see you back reetesh !!!. You gave some wonderful ideas to lesser clued in members.. Thanks for those.. |
Posted By: reetesh
Date Posted: 30/Jun/2007 at 3:15pm
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Thanks nikhil..... ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: omshivaya
Date Posted: 30/Jun/2007 at 4:03pm
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Yes, and I am sure many are waiting for any other such gems from your side Reetesh ji. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: xbox
Date Posted: 30/Jun/2007 at 4:50pm
Thanks Sir for taking cognizance of my view.
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repeating same old adage.......greate people think alike... ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: vivekkumar_in
Date Posted: 18/Jul/2007 at 11:47pm
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Kotak is up by more than 5% today. Any significant new inflow happening ? ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 18/Jul/2007 at 11:50pm
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From what info I have you bought it yesterday. Did'nt you? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vivekkumar_in
Date Posted: 18/Jul/2007 at 4:36am
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You are right Basant ji! I have already bought it Monday. So I am just enjoying the instant gratification  ..
------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 18/Jul/2007 at 8:48am
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See the market grapewine is always correct! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: deveshkayal
Date Posted: 18/Jul/2007 at 10:20am
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The buzz is that KMB may place 5-10% equity with a few financial investors to mobilise fresh capital.The market is expecting an announcement from the bank in the next few weeks.The infusion of fresh capital will widen the equity base and enable promoters to partly dilute their holding.Promoters hold over 55.5%, which has to be pared to 49% as specified by the RBI.When contacted,company officials said that nothing has been firmed up as yet. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: vip1
Date Posted: 18/Jul/2007 at 10:22am
| The News is that Promoters might offload some equity to raise cash. |
Posted By: basant
Date Posted: 18/Jul/2007 at 10:55am
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This was on the cards. Uday Kotak indicated it sometime back. The company is also spinning and listing some of its subsidiaries. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: chic_1978
Date Posted: 18/Jul/2007 at 11:07am
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Basantjee
As discussed earleir, i do not hv finaancial stk in my portfolio...would u recomment to buy Kotak Bank at 720/=
Pls advice ------------- happy & wise investing |
Posted By: basant
Date Posted: 18/Jul/2007 at 11:17am
Array bhai aap daud ke har train pe kyo chadna chahte hai! You should have bought it when we initiated this discussion.  ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: chic_1978
Date Posted: 18/Jul/2007 at 11:21am
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then sirjee i will wait for the return journey or next train............tnx ------------- happy & wise investing |
Posted By: basant
Date Posted: 18/Jul/2007 at 11:27am
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next train is better I have been on a return journey on junk technology stocks in 2000 and I know what it feels like. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: absolut
Date Posted: 19/Jul/2007 at 2:59pm
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Most likely Kotak is thnking of bringing strategic investor to each business. Like chola, sundaram they might bring somebody for 'its AMC. They have one for insurance. They badly need one for banking operations.
ICICI has Temasek, HDFC has citibank, CBoP has Foreign banker, YES has Rabo, similerly KMB needs strong foreign sholder.
Not sure about's investment and tdrading businesses. Kotak has just exited global partner. In my opinion they should have retained Goldman.
More or less kotak is Lala company not a professionaly managed company like icici and hdfc etc.
I wish good luck to Mr. Kotak.
Thats an extremely shallow view of the company . Its hardly a lala company and very professionally managed . There is a major difference between ICICI , HDFC and KOTAK ...... Just because all the heads of kotak are listed under KOTAK MAHINDRA BANK you cannot match them with with ICICI or HDFC, Around 60% of their revenuve comes from Kotak securities . BY THE WAY KOTAK SECURITIES IS THE MARKET LEADER IN THE BROKING INDUSTRY ...... Arguably KOTAK bought about professional broking in the country .... If you analyse carefully you will see that Kotak and ICICI/HDFC are opposite ....... ICICI started as a bank .. went into fiannancial services ...then came with ICICI DIRECT ....where as KOTAK started as a broking house and the last thing they did was KOTAK MAHINDRA BANK ....... moreover the services offered by KOTAK SECURITIES have more variety then any of the private banks .... so whenever you talk about KOTAK MAHINDRA BANK you must take into picture KOTAK SECURITIES....
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Posted By: reetesh
Date Posted: 19/Jul/2007 at 11:28pm
Man man, another LaLa man!!! "Angoor nahi milte to khatte hote hai"
------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: xbox
Date Posted: 19/Jul/2007 at 5:26am
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Man man, another LaLa man!!! "Angoor nahi milte to khatte hote hai"
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App kis angoor ki baat kar rahe hai, yaha to sara market hee angoori (ripe & juicy) hai!!. Suna hai..wine khatte angoor se hee banti hai, per mujhe pata nahi.
------------- Don't bet on pig after all bull & bear in circle. |
Posted By: deveshkayal
Date Posted: 19/Jul/2007 at 11:19am
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Kotak Securities will do well in the IPOs & FPOs space but when it comes to M&As,foreign bankers will be always ahead.. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: absolut
Date Posted: 20/Jul/2007 at 1:05pm
reetesh , can you define what a lala company means ? Instead of looking whether it is a lala company or a parsi company , how about for a change looking at the balance sheet , or the pe or the distribution strength of this company ? it might reveal a bit more info abt the company .... try n see if this a lala company is actually going the same way as some blue chips ( a south indian company called infosys , a parsi company called wipro ) .... the markets , if you see from mid nintees have been riding over two waves .,... the first was the technology wave , the second was the telecom wave ( led by a another lala company called bharti , and a gujrati company called r com ) ...the third wave is going to be bfsi ( 2009 ) ... with all that is on the paper ...this lala company will be one of the major causes of the wave .... so its lucky to be a lala .... i guess if people in US call Dell as a cowboy company ... I am sure they dont !!!!!!!!!!!!!!!!!
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