KOTAK MAHINDRA BANK at 52 Week High; BSE 500 Index Up 2.0%
May 23, 2019 09:32 AM

KOTAK MAHINDRA BANK share price has hit a 52-week high at Rs 1,529 (up 2.2%).

Meanwhile, the BSE 500 Index is at 15,479 (up 1.9%).

Among the top gainers in the BSE 500 Index today are KOTAK MAHINDRA BANK (up 2.2%) and TIMKEN INDIA (up 9.2%).

ITD CEMENTATION INDIA (down 6.4%) and JOHNSON CONTROLS - HITACHI AC INDIA (down 4.2%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,264 to Rs 1,529, registering a gain of Rs 265 (up 20.93%).

The BSE 500 has moved up from 14,507 to 15,479, registering a gain of 972 points (up 6.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 146.0%), DCM SHRIRAM (up 129.7%) and BALRAMPUR CHINI (up 104.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,895 (up 2.0%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 6.0%), SBI (up 4.2%) and YES BANK (up 3.3%). Other gainers include POWER GRID (up 3.0%) and ICICI BANK (up 2.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,969 (up 1.8%). INDUSIND BANK (up 6.4%) and INDIABULLS HOU. FIN. (up 5.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 39,895, registering a gain of 5,244 points (up 15.1%).

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 41.9x.