 |
| Capitalstars Investment Advisor |
Kotak Mahindra Bank gains after robust Q1 result
Kotak Mahindra Bank was up 1.12% to Rs 1,470 at 9:25 IST on the BSE after net profit rose 32.7% to Rs 1360.20 crore on 19.6% rise in total income to Rs 7944.61 crore in Q1 June 2019 over Q1 June 2018.
The result was announced after market hours yesterday, 22 July 2019.
Meanwhile, the S&P BSE Sensex was down by 73.45 points or 0.19% to 37,957.83.
On the BSE, 37000 shares were traded in the counter so far compared with average daily volumes of 1.16 lakh shares in the past two weeks. The stock had hit a high of Rs 1,481.40 and a low of Rs 1,456.20. The stock hit a 52-week high of Rs 1,555.45 on 23 May 2019 and a 52-week low of Rs 1,002.30 on 1 October 2018.
Kotak Mahindra Bank's gross non-performing assets (NPAs) stood at Rs 4613.52 crore as on 30 June 2019 as against Rs 4467.94 crore as on 31 March 2019 and Rs 3899.45 crore as on 30 June 2018.
The ratio of net NPAs to net advances stood at 0.73% as on 30 June 2019 as against 0.75% as on 31 March 2019 and 0.86% as on 30 June 2018.
Kotak Mahindra Bank is a leading private sector bank. As on 30 June 2019, the bank had a network of 1,503 full-fledged branches and 2,394 ATMs.
Visit our Link : https://bit.ly/2u2GUhK https://bit.ly/2u2GUhK
Visit My Website : https://bit.ly/1h8KZUM
CAPITALSTARS CALL US : 9977499927
Derivatives Tips , Intraday Stock Tips , FreeTrading Tips , Sebi Registered advisory
0 Comments