KOTAK MAHINDRA BANK at All Time High; BSE BANKEX Index Up 2.8%
Tue, 10 Nov 10:56 AM

KOTAK MAHINDRA BANK share price has hit an all-time high at Rs 1,762 (up 1.8%).

Meanwhile, the BSE BANKEX Index is at 32,496 (up 2.8%).

Among the top gainers in the BSE BANKEX Index today are KOTAK MAHINDRA BANK (up 1.8%) and HDFC BANK (up 2.5%).

CITY UNION BANK (down 1.0%) is among the top loser today.

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,571 to Rs 1,762, registering a gain of Rs 190 (up 11.9%).

The BSE BANKEX has moved down from 34,554 to 32,496, loss of 2,058 points (down 6.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 11.9%) and HDFC BANK (up 9.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 43,043 (up 1.0%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 5.4%), INDUSIND BANK (up 5.1%) and SBI (up 4.4%). Other gainers include L&T (up 4.3%) and HDFC (up 3.8%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 12,581 (up 0.9%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 5.8%), INDUSIND BANK (up 5.4%) and SBI (up 4.7%). Other gainers include L&T (up 4.3%) and BAJAJ FINSERV (up 4.0%).

Over the last 12 months, the BSE Sensex has moved up from 40,470 to 43,043, registering a gain of 2,573 points (up 6.3%).

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 37.0x.

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