Kotak Mahindra Bank shares fall over 3% after Q1 earnings. What are Motilal Oswal, other brokerages saying?

Kotak Mahindra Bank shares fell over 3 percent after its Q1 results, despite largely in-line numbers. Net interest income rose 9 percent year-on-year to Rs 7,928 crore and net worth grew over 14 percent to Rs 1.4 lakh crore, while asset quality improved on a YoY basis with net NPA down 11 percent but weakened sequentially. Brokerages remain constructive: Motilal Oswal reiterated Buy with a target of Rs 470 (around 21 percent upside), JM Financial kept Add at Rs 415, and Dolat Capital maintained Accumulate at Rs 455.