KOTAK MAHINDRA BANK Share Price Up by 11%; BSE BANKEX Index Up 2.0%
Tue, 27 Oct 10:54 AM

KOTAK MAHINDRA BANK share price has zoomed 11% and is presently trading at Rs 1,573.

Meanwhile, the BSE BANKEX Index is at 27,976 (up 2.0%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAHINDRA BANK (up 11.0%).

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

Over the last one year, KOTAK MAHINDRA BANK has moved down from Rs 1,613 to Rs 1,573, registering a loss of Rs 39 (down 2.5%).

On the other hand, the BSE BANKEX has moved down from 33,304 to 27,976, loss of 5,328 points (down 16.0%) during the last 12 months.

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

Know More: Is India's Economic Recovery Sustainable?

What About the Benchmark Indices?

The BSE Sensex is at 40,312 (up 0.4%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 11.0%), NESTLE (up 4.2%) and NTPC (up 3.6%). Other gainers include BAJAJ FINANCE (up 3.2%) and ASIAN PAINTS (up 3.2%). The most traded stocks in the BSE Sensex are NTPC and ITC.

In the meantime, NSE Nifty is at 11,826 (up 0.5%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 11.1%), NESTLE (up 4.2%) and SHREE CEMENT (up 3.8%). Other gainers include BAJAJ FINANCE (up 3.6%) and NTPC (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 39,059 to 40,312, registering a gain of 1,253 points (up 3.18%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit stood at Rs 29 billion for the quarter ended September 2020, compared to a profit of Rs 23 billion a year ago. Operating income rose 0.1% to Rs 83.4 billion during the period as against Rs 83.3 billion in July-September 2019.

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 33.1x.



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Stock Market Updates

Oct 27, 2020 11:02 AM

IPCA LABS share price has hit a 52-week high. It is presently trading at Rs 2,319. BSE 500 Index is up by 0.4% at 15,402. Within the BSE 500, IPCA LABS (up 6.9%) and KOTAK MAHINDRA BANK (up 10.5%) are among the top gainers, while top losers are HINDUSTAN ZINC and GE POWER INDIA.

Oct 27, 2020 10:58 AM

PC JEWELLER share price is trading down by 6% and its current market price is Rs 16. The BSE 500 is up by 0.4%. The top gainers in the BSE 500 Index are KOTAK MAHINDRA BANK (up 10.7%) and IPCA LABS (up 7.1%). The top losers are PC JEWELLER (down 5.6%) and GE POWER INDIA (down 6.4%).

Oct 27, 2020 10:44 AM

GE POWER INDIA share price is trading down by 5% and its current market price is Rs 370. The BSE CAPITAL GOODS is up by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are L&T (up 1.9%) and AIA ENGINEERING (up 1.8%). The top losers is GE POWER INDIA (down 5.4%).

Oct 27, 2020 10:08 AM

IPCA LABS share price is trading up by 7% and its current market price is Rs 2,272. The BSE HEALTHCARE is up by 0.1%. The top gainers in the BSE HEALTHCARE Index is IPCA LABS (up 6.5%). The top losers are ALEMBIC PHARMA and DR. LAL PATHLABS (down 0.1%).

Oct 27, 2020 09:30 am

Asian stock markets are lower today as soaring global coronavirus cases and slow progress on a US stimulus deal dampened investor sentiment.

Oct 27, 2020 09:36 AM

HINDUSTAN ZINC share price is trading down by 10% and its current market price is Rs 219. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are KOTAK MAHINDRA BANK (up 6.4%) and FINOLEX INDUSTRIES (up 5.8%). The top losers is HINDUSTAN ZINC (down 10.0%).

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