KOTAK MAH. BANK Surges by 5%; BSE BANKEX Index Up 1.0%

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KOTAK MAH. BANK Surges by 5%; BSE BANKEX Index Up 1.0%
Fri, 7 Dec 10:37 AM

KOTAK MAH. BANK share price has zoomed 5% and is presently trading at Rs 1,244.

Meanwhile, the BSE BANKEX Index is at 29,469 (up 1.0%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAH. BANK (up 5.2%).

SBI (down 0.2%) and INDUSIND BANK (down 0.3%) are among the top losers today.

Over the last one year, KOTAK MAH. BANK has moved up from Rs 999 to Rs 1,244, registering a gain of Rs 245 (up 24.4%).

On the other hand, the BSE BANKEX has moved up from 28,110 to 29,469, registering a gain of 1,359 points (up 4.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 24.4%), HDFC BANK (up 16.9%) and ICICI BANK (up 16.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,553 (up 0.6%).

The top gainers among the BSE Sensex stocks today are KOTAK MAH. BANK (up 5.2%), ASIAN PAINTS (up 1.8%) and INFOSYS LTD (up 1.2%). Other gainers include ITC LTD (up 1.1%) and POWER GRID (up 1.1%). The most traded stocks in the BSE Sensex are TATA MOTORS and ITC LTD.

In the meantime, NSE Nifty is at 10,656 (up 0.4%). KOTAK MAH. BANK (up 7.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,597 to 35,553, registering a gain of 2,956 points (up 8.9%).

KOTAK MAH. BANK Financial Update...

KOTAK MAH. BANK net profit stood at Rs 17 billion for the quarter ended September 2018, compared to a profit of Rs 14 billion a year ago. Operating income rose 14.4% to Rs 73.1 billion during the period as against Rs 63.9 billion in July-September 2017.

For the year ended March 2018, KOTAK MAH. 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 MAH. BANK, based on rolling 12 month earnings, stands at 38.8x.



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