KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 0.7%
May 17, 2019 10:10 AM

KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 1,437 (up 1.5%).

Meanwhile, the BSE BANKEX Index is at 32,451 (up 0.7%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 1.5%) and HDFC BANK (up 0.5%).

AXIS BANK and FEDERAL BANK (down 0.3%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,282 to Rs 1,437, registering a gain of Rs 155 (up 11.9%).

The BSE BANKEX has moved up from 29,357 to 32,451, registering a gain of 3,094 points (up 10.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 33.3%), SBI (up 29.8%) and ICICI BANK (up 29.0%).

What About the Benchmark Indices?

The BSE Sensex is at 37,631 (up 0.6%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 3.8%), YES BANK (up 2.8%) and HERO MOTOCORP (up 2.8%). Other gainers include BAJAJ AUTO (up 1.8%) and HDFC (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,319 (up 0.4%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 3.9%), YES BANK (up 2.6%) and HERO MOTOCORP (up 2.5%). Other gainers include ZEE ENTERTAINMENT (up 2.3%) and INDIABULLS HOU. FIN. (up 1.8%).

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,631, registering a gain of 2,243 points (up 6.3%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 18 billion for the quarter ended March 2019, compared to a profit of Rs 18 billion a year ago. Operating income rose 3.0% to Rs 79.8 billion during the period as against Rs 77.4 billion in January-March 2018.

For the year ended March 2018, KOTAK MAHINDRA BANK reported 24.2% increase in net profit to Rs 61.5 billion compared to net profit of Rs 49.5 billion during FY17.

Revenue of the company grew 12.6% to Rs 251 billion during FY18.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 39.3x.