KOTAK MAHINDRA BANK Plunges by 9%; BSE BANKEX Index Down 7.6%

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KOTAK MAHINDRA BANK Plunges by 9%; BSE BANKEX Index Down 7.6%
Thu, 19 Mar 09:53 AM

KOTAK MAHINDRA BANK share price has plunged 9% and is presently trading at Rs 1,111.

Meanwhile, the BSE BANKEX Index is at 22,335 (down 7.6%).

Among the top losers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (down 8.5%) and HDFC BANK (down 7.9%).

Over the last one year, KOTAK MAHINDRA BANK has moved down from Rs 1,343 to Rs 1,111, registering a loss of Rs 232 (down 17.3%)..

The BSE BANKEX has moved down from 33,205 to 22,335, loss of 10,870 points (down 32.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

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What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 5.8%). The top gainers among the BSE Sensex stocks today are NTPC (up 4.4%), POWER GRID (up 2.4%) and SUN PHARMA (up 0.1%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.1%). NTPC (up 3.8%) and POWER GRID (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.60%).

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 24.0x.



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