KOTAK MAHINDRA BANK Surges by 13%; BSE BANKEX Index Up 7.7%
March 25, 2020 02:46 PM

KOTAK MAHINDRA BANK share price has zoomed 13% and is presently trading at Rs 1,321.

Meanwhile, the BSE BANKEX Index is at 21,630 (up 7.7%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAHINDRA BANK (up 12.6%).

CITY UNION BANK (down 1.8%) and INDUSIND BANK (down 3.7%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,309 to Rs 1,321, registering a gain of Rs 12 (up 1.2%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 21,630, loss of 11,094 points (down 35.4%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 28,790 (up 6.9%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 18.4%), KOTAK MAHINDRA BANK (up 12.6%) and HDFC BANK (up 9.0%). Other gainers include MARUTI SUZUKI (up 8.9%) and HDFC (up 8.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 8,377 (up 6.6%). The top gainers in the NSE Nifty include RELIANCE IND. (up 17.1%), KOTAK MAHINDRA BANK (up 12.4%) and UPL (up 10.0%). Other gainers include GRASIM (up 9.5%) and HDFC BANK (up 9.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 28,790, registering a loss of 9,019 points (down 24.56%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 23 billion for the quarter ended December 2019, compared to a profit of Rs 18 billion a year ago. Operating income rose 7.6% to Rs 83.3 billion during the period as against Rs 77.4 billion in October-December 2018.

For the year ended March 2019, KOTAK MAHINDRA BANK reported 15.8% increase in net profit to Rs 71.2 billion compared to net profit of Rs 61.5 billion during FY18.

Revenue of the company grew 19.1% to Rs 299 billion during FY19.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 29.0x.