KOTAK MAHINDRA BANK Surges by 5%; BSE BANKEX Index Up 1.3%

Thu, 19 Mar 02:26 PM

KOTAK MAHINDRA BANK share price has zoomed 5% and is presently trading at Rs 1,238.

Meanwhile, the BSE BANKEX Index is at 23,985 (up 1.3%).

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

SBI (down 0.7%) and INDUSIND BANK (down 1.7%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved down from Rs 1,343 to Rs 1,238, registering a loss of Rs 105 (down 8.1%).

On the other hand, the BSE BANKEX has moved down from 33,205 to 23,985, loss of 9,220 points (down 28.2%) 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 29,371 (up 1.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 7.1%), HERO MOTOCORP (up 5.7%) and KOTAK MAHINDRA BANK (up 5.2%). Other gainers include ITC (up 5.2%) and BHARTI AIRTEL (up 4.9%). The most traded stocks in the BSE Sensex are ITC and ICICI BANK.

In the meantime, NSE Nifty is at 8,575 (up 0.4%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 6.4%), BAJAJ AUTO (up 6.0%) and HERO MOTOCORP (up 5.9%). Other gainers include ITC (up 5.7%) and BHARTI AIRTEL (up 5.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 29,371, registering a loss of 8,724 points (down 23.40%).

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 27.6x.

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