The bank's total income has increased from Rs.4583.8 crore for the quarter ended June 30, 2015 to Rs.5120 crore for the quarter ended June 30, 2016.
Kotak Mahindra Bank Ltd has announced the following results for the quarter ended June 30, 2016:
The Bank has posted a net profit of Rs.742 crore for the quarter ended June 30, 2016 as compared to Rs.190 crore for the quarter ended June 30, 2015. Total Income has increased from Rs.4583.8 crore for the quarter ended June 30, 2015 to Rs.5120 crore for the quarter ended June 30, 2016.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended June 30, 2016
The Group has posted a profit after tax of Rs. 10671.00 million for the quarter ended June 30, 2016 as compared to Rs. 5165.70 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 63846.30 million for the quarter ended June 30, 2015 to Rs. 78668.80 million for the quarter ended June 30, 2016.
The Board of Directors of the Company has approved the item of business for seeking consent of the shareholders by postal ballot for issuance of unsecured, redeemable, non-convertible debentures/bonds up to Rs.5,000 crore.
Stock view:
Kotak Mahindra Bank Ltd has announced the following results for the quarter ended June 30, 2016:The Bank has posted a net profit of Rs.742 crore for the quarter ended June 30, 2016 as compared to Rs.190 crore for the quarter ended June 30, 2015. Total Income has increased from Rs.4583.8 crore for the quarter ended June 30, 2015 to Rs.5120 crore for the quarter ended June 30, 2016.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended June 30, 2016
The Group has posted a profit after tax of Rs. 10671.00 million for the quarter ended June 30, 2016 as compared to Rs. 5165.70 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 63846.30 million for the quarter ended June 30, 2015 to Rs. 78668.80 million for the quarter ended June 30, 2016.
The Board of Directors of the Company has approved the item of business for seeking consent of the shareholders by postal ballot for issuance of unsecured, redeemable, non-convertible debentures/bonds up to Rs.5,000 crore.
Stock view:
Kotak Mahindra Bank Ltd is currently trading at Rs. 769.65, down by Rs. 12.35 or 1.58% from its previous closing of Rs. 782 on the BSE.
The scrip opened at Rs. 787 and has touched a high and low of Rs. 790 and Rs. 765.5 respectively. So far 1571582(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 143557.43 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 784.7 on 14-Jul-2016 and a 52 week low of Rs. 586.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 784.7 and Rs. 767.65 respectively.
The promoters holding in the company stood at 33.7 % while Institutions and Non-Institutions held 40.64 % and 25.66 % respectively.
The stock is currently trading above its 50 DMA.
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