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KOTAK MAHINDRA BANK Surges by 5%; BSE BANKEX Index Up 2.0%

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KOTAK MAHINDRA BANK Surges by 5%; BSE BANKEX Index Up 2.0%
Fri, 15 Mar 02:02 PM

KOTAK MAHINDRA BANK share price has zoomed 5% and is presently trading at Rs 1,336.

Meanwhile, the BSE BANKEX Index is at 33,047 (up 2.0%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAHINDRA BANK (up 5.0%).

YES BANK (down 1.4%) is among the top loser today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,083 to Rs 1,336, registering a gain of Rs 253 (up 23.2%).

On the other hand, the BSE BANKEX has moved up from 28,061 to 33,047, registering a gain of 4,986 points (up 17.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 39.4%), ICICI BANK (up 29.1%) and KOTAK MAHINDRA BANK (up 23.2%).

What About the Benchmark Indices?

The BSE Sensex is at 38,149 (up 1.0%).

The top gainers among the BSE Sensex stocks today are TCS (up 3.0%), POWER GRID (up 2.9%) and SBI (up 2.2%). Other gainers include ICICI BANK (up 2.0%) and WIPRO (up 1.9%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,461 (up 1.0%). KOTAK MAHINDRA BANK (up 5.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,836 to 38,149, registering a gain of 4,313 points (up 12.7%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 18 billion for the quarter ended December 2018, compared to a profit of Rs 16 billion a year ago. Operating income rose 21.2% to Rs 77.4 billion during the period as against Rs 63.9 billion in October-December 2017.

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 38.9x.

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While the BSE Sensex closed higher by 228 points, NSE Nifty closed higher by 88 points.

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GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

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