KOTAK MAHINDRA BANK Share Price Up by 6%; BSE BANKEX Index Up 0.2%
Tue, 27 Oct 09:26 AM

KOTAK MAHINDRA BANK share price has zoomed 6% and is presently trading at Rs 1,494.

Meanwhile, the BSE BANKEX Index is at 27,681 (up 0.2%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAHINDRA BANK (up 5.6%).

HDFC BANK (down 0.1%) and CITY UNION BANK (down 0.4%) are among the top losers today.

Over the last one year, KOTAK MAHINDRA BANK has moved down from Rs 1,613 to Rs 1,494, registering a loss of Rs 118 (down 7.3%).

On the other hand, the BSE BANKEX has moved down from 33,304 to 27,681, loss of 5,623 points (down 17.5%) 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 40,291 (up 0.1%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 5.6%), NESTLE (up 2.2%) and NTPC (up 2.0%). Other gainers include TECH MAHINDRA (up 1.5%) and ASIAN PAINTS (up 1.4%). The most traded stocks in the BSE Sensex are NTPC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,816 (down 0.2%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 5.7%), NESTLE (up 2.0%) and NTPC (up 1.8%). Other gainers include SHREE CEMENT (up 1.7%) and ASIAN PAINTS (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 39,059 to 40,291, registering a gain of 1,232 points (up 2.88%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit down at Rs 18 billion for the quarter ended June 2020, compared to a loss of Rs 23 billion a year ago. Operating income rose 1.1% to Rs 84.2 billion during the period as against Rs 83.3 billion in April-June 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 33.4x.



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Stock Market Updates

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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THYROCARE TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 1,180. BSE 500 Index is down by 0.2% at 15,371. Within the BSE 500, THYROCARE TECHNOLOGIES (up 2.7%) and KOTAK MAHINDRA BANK (up 5.6%) are among the top gainers, while top losers are HINDUSTAN ZINC and GRINDWELL NORTON.

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Oct 27, 2020 09:26 AM

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Oct 27, 2020 Pre-Open

Indian share markets witnessed a sharp sell-off yesterday and ended their session deep in the red.

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