KOTAK MAH. BANK at All Time High; BSE BANKEX Index Down 0.7%

KOTAK MAH. BANK share price has hit an all-time high at Rs 1,311 (down 0.48%).

Meanwhile, the BSE BANKEX Index is at 29,880 (down 0.67%).

Among the top gainers in the BSE BANKEX Index today is KOTAK MAH. BANK (down 0.48%)

AXIS BANK (down 0.16%) and HDFC BANK (down 0.24%) are among the top losers today.

Over the last one year, KOTAK MAH. BANK has moved up from Rs 968 to Rs 1,311, registering a gain of Rs 343 (up 33.82%).

The BSE BANKEX has moved up from 26,247 to 29,880, registering a gain of 3,633 points (up 13.12%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 33.82%), INDUSIND BANK (up 28.17%) and HDFC BANK (up 24.84%).

What About the Benchmark Indices?

The BSE Sensex is at 35,232 (down 0.15%). The top gainers among the BSE Sensex stocks today are BHEL (up 1.33%), TCS (up 1.20%) and L&T (up 1.13%). Other gainers include NTPC (up 0.99%) and INFOSYS LTD (up 0.86%). The most traded stocks in the BSE Sensex are BHEL and L&T.

In the meantime, NSE Nifty is at 10,690 (down 0.10%). The top gainers in the NSE Nifty include L&T (up 1.51%), TECH MAHINDRA (up 1.21%) and GAIL (up 1.07%). Other gainers include POWER GRID (up 0.97%) and NTPC (up 0.95%).

Over the last 12 months, the BSE Sensex has moved up from 31,109 to 35,232, registering a gain of 4,123 points (up 12.87%).

KOTAK MAH. BANK Financial Update...

KOTAK MAH. BANK net profit grew 101.8% YoY to Rs 14 billion for the quarter ended March 2018, compared to a profit of Rs 14 billion a year ago. Net Sales rose 105.3% to Rs 67.3 billion during the period as against Rs 63.9 billion in January-March 2017.

For the year ended March 2017, KOTAK MAH. BANK reported 144.2% increase in net profit to Rs 49.5 billion compared to net profit of Rs 34.3 billion during FY16.

Revenue of the company grew 109.4% to Rs 223 billion during FY17.

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

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This article was originally published in English at www.equitymaster.com

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