KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 2.1%
May 17, 2019 03:34 PM

KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 1,467 (up 3.7%).

Meanwhile, the BSE BANKEX Index is at 32,921 (up 2.1%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 3.7%) and HDFC BANK (up 2.3%).

YES BANK (down 2.9%) is among the top loser today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,282 to Rs 1,467, registering a gain of Rs 185 (up 14.4%).

The BSE BANKEX has moved up from 29,357 to 32,921, registering a gain of 3,564 points (up 12.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 36.5%), ICICI BANK (up 31.2%) and SBI (up 30.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,970 (up 1.5%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 6.3%), HERO MOTOCORP (up 4.5%) and KOTAK MAHINDRA BANK (up 3.7%). Other gainers include MARUTI SUZUKI (up 3.7%) and BAJAJ AUTO (up 3.3%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,426 (up 1.4%). The top gainers in the NSE Nifty include ZEE ENTERTAINMENT (up 8.3%), BAJAJ FINANCE (up 5.9%) and BAJAJ FINSERV (up 4.7%). Other gainers include MARUTI SUZUKI (up 4.3%) and HERO MOTOCORP (up 4.2%).

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,970, registering a gain of 2,582 points (up 7.3%).

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 40.2x.