KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Down 0.7%
September 28, 2021 12:53 PM

KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 2,057 (up 0.5%).

Meanwhile, the BSE BANKEX Index is at 43,844 (down 0.7%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 0.5%) and SBI (up 0.2%).

CITY UNION BANK (down 0.1%) and FEDERAL BANK (down 0.2%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,246 to Rs 2,057, registering a gain of Rs 811 (up 64.1%).

The BSE BANKEX has moved up from 23,265 to 43,844, registering a gain of 20,579 points (up 86.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were SBI (up 153.4%), INDUSIND BANK (up 130.5%) and ICICI BANK (up 113.5%).

What About the Benchmark Indices?

The BSE Sensex is at 60,288 (down 0.9%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 5.5%), NTPC (up 4.9%) and ONGC (up 2.1%). Other gainers include TITAN (up 1.4%) and KOTAK MAHINDRA BANK (up 0.5%). The most traded stocks in the BSE Sensex are POWER GRID and ONGC.

In the meantime, NSE Nifty is at 17,913 (down 0.9%). The top gainers in the NSE Nifty include POWER GRID (up 5.3%), COAL INDIA (up 4.8%) and NTPC (up 4.7%). Other gainers include IOC (up 3.5%) and ONGC (up 1.9%).

Over the last 12 months, the BSE Sensex has moved up from 36,554 to 60,288, registering a gain of 23,734 points (up 62.8%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit down at Rs 18 billion for the quarter ended June 2021, compared to a loss of Rs 26 billion a year ago. Operating income declined 2.9% to Rs 80.4 billion during the period as against Rs 82.8 billion in April-June 2020.

For the year ended March 2021, KOTAK MAHINDRA BANK reported 15.1% increase in net profit to Rs 99.0 billion compared to net profit of Rs 86.1 billion during FY20.

Revenue of the company grew 2.0% to Rs 328 billion during FY21.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 41.1x.