Kotak Mahindra Bank shares fall over 3% despite Q1 profit growth. Analysts weigh in

Kotak Mahindra Bank shares fell after reporting a strong profit increase for the first quarter. Net profit rose 26% year-on-year, and net interest income also saw growth. Asset quality improved from the previous year, though key ratios weakened sequentially. Brokerages provided varied ratings, with some reiterating buy recommendations and others maintaining add ratings. Analysts cited controlled slippages and credit costs as positive factors supporting the bank's performance.