The bank reported an increase of 31.9% in its net profit at Rs. 945.2 crore for the quarter ended Dec. 31, 2015 as compared to Rs.716.6 crore in the same period last year.
The bank reported Net Interest Margin at 4.4%
Stock Commentary:
Kotak Mahindra Bank Ltd is currently trading at Rs. 682.85, up by Rs. 6.9 or 1.02% from its previous closing of Rs. 675.95 on the BSE.
The scrip opened at Rs. 679.55 and has touched a high and low of Rs. 686.4 and Rs. 673.85 respectively. So far 576642(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 123868.41 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 744.45 on 21-Jul-2015 and a 52 week low of Rs. 594.1 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 704.45 and Rs. 672.8 respectively.
The promoters holding in the company stood at 33.77 % while Institutions and Non-Institutions held 38.89 % and 27.33 % respectively.
The stock is currently trading above its 50 DMA.
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