Kotak Mahindra Bank is currently trading at Rs. 737.00, up by 10.40 points or 1.43 % from its previous closing of Rs. 726.60 on the BSE.
The scrip opened at Rs. 727.00 and has touched a high and low of Rs. 741.10 and Rs. 726.95 respectively. So far 19574 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 804.00 on 30-May-2013 and a 52 week low of Rs. 588.00 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 711.00 respectively. The current market cap of the company is Rs. 56903.07 crore.
The promoters holding in the company stood at 43.69 % while Institutions and Non-Institutions held 33.43 % and 22.70 % respectively.
Private sector lender Kotak Mahindra Bank has cut interest rate on housing loans by up to 0.25% for a limited period. Consequently, the new home loans under Rs 75 lakh will be available at 10.25% per annum, down from the earlier 10.50%, while ones above Rs 75 lakh will cost 10.75% as against the earlier 10.90%. Further, the reduced interest rates will be applicable till January 31, 2014.
Kotak Mahindra Bank reported 25.74% rise in its net profit at Rs 352.54 crore for the quarter as compared to Rs 280.38 crore for the same quarter in the previous year. Total income of the bank has increased by 13.56% at Rs 2469.46 crore for quarter under review as compared to Rs 2174.50 crore for the quarter ended September 30, 2012.
The scrip opened at Rs. 727.00 and has touched a high and low of Rs. 741.10 and Rs. 726.95 respectively. So far 19574 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 804.00 on 30-May-2013 and a 52 week low of Rs. 588.00 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 711.00 respectively. The current market cap of the company is Rs. 56903.07 crore.
The promoters holding in the company stood at 43.69 % while Institutions and Non-Institutions held 33.43 % and 22.70 % respectively.
Private sector lender Kotak Mahindra Bank has cut interest rate on housing loans by up to 0.25% for a limited period. Consequently, the new home loans under Rs 75 lakh will be available at 10.25% per annum, down from the earlier 10.50%, while ones above Rs 75 lakh will cost 10.75% as against the earlier 10.90%. Further, the reduced interest rates will be applicable till January 31, 2014.
Kotak Mahindra Bank reported 25.74% rise in its net profit at Rs 352.54 crore for the quarter as compared to Rs 280.38 crore for the same quarter in the previous year. Total income of the bank has increased by 13.56% at Rs 2469.46 crore for quarter under review as compared to Rs 2174.50 crore for the quarter ended September 30, 2012.
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