KOTAK MAHINDRA BANK Share Price Up by 5%; BSE BANKEX Index Up 0.5%

Thu, 21 Oct 01:03 PM

KOTAK MAHINDRA BANK share price has zoomed 5% and is presently trading at Rs 2,118.

Meanwhile, the BSE BANKEX Index is at 45,305 (up 0.5%).

Among the top Gainers in the BSE BANKEX Index today is KOTAK MAHINDRA BANK (up 5.1%).

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

Over the last one year, KOTAK MAHINDRA BANK has moved up from Rs 1,377 to Rs 2,118, registering a gain of Rs 741 (up 53.8%).

On the other hand, the BSE BANKEX has moved up from 27,574 to 45,305, registering a gain of 17,731 points (up 64.1%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 143.7%), INDUSIND BANK (up 87.7%) and ICICI BANK (up 78.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,621 (down 0.7%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 5.1%), HDFC (up 1.7%) and ONGC (up 0.8%). Other gainers include POWER GRID (up 0.7%) and NTPC (up 0.3%). The most traded stocks in the BSE Sensex are ONGC and NTPC.

In the meantime, NSE Nifty is at 18,384 (down 0.5%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 5.0%), GRASIM (up 2.1%) and BPCL (up 2.1%). Other gainers include HDFC (up 1.9%) and TATA MOTORS (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,432 to 61,621, registering a gain of 21,189 points (up 50.45%).

KOTAK MAHINDRA BANK Financial Update...

KOTAK MAHINDRA BANK net profit down at Rs 18 billion for the quarter ended June 2021, compared to a loss of Rs 26 billion a year ago. Operating income declined 2.9% to Rs 80.4 billion during the period as against Rs 82.8 billion in April-June 2020.

For the year ended March 2021, KOTAK MAHINDRA BANK reported 15.1% increase in net profit to Rs 99.0 billion compared to net profit of Rs 86.1 billion during FY20.

Revenue of the company grew 2.0% to Rs 328 billion during FY21.

The current Price to earnings ratio of KOTAK MAHINDRA BANK, based on rolling 12 month earnings, stands at 42.6x.

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