|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,303.00 - 1,322.20|
|52-week range||992.50 - 1,322.20|
|PE ratio (TTM)||42.30|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,136.78|
The bank said it will seek the consent of the members (shareholders) for borrowing/raising of funds by way of issue of securities in the nature of unsecured non-convertible debentures in Indian or foreign currencies in the domestic or overseas markets for an amount up to Rs 5,000 crore for its general corporate purposes.
However, the billionaire banker refused to divulge more details on the reasons behind his decision to hold on to the stake
Edelweiss is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 1366 in its research report dated April 30, 2018.
Prabhudas Lilladher recommended accumulate rating on Kotak Mahindra Bank with a target price of Rs 1239 in its research report dated April 30, 2018.
India's Kotak Mahindra Bank Ltd reported a 15 percent rise in fourth-quarter net profit on higher interest and fee incomes and as its bad loans fell. Net profit rose to 11.24 billion rupees ($169.34 million) for the three months ended March 31 from 9.76 billion rupees a year ago, the Mumbai-based bank, fifth-biggest among the country's private sector lenders, said in a statement.
Net Interest Income is expected to increase by 17 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 2,530 crore, according to KR Choksey.
Private lender Kotak Mahindra Bank today retained its place among the 10 most valued Indian companies with a market valuation of over Rs 2.22 lakh crore, keeping the country's largest lender State Bank of India (SBI) out of the coveted list.
HDFC bank led as the indisputable leader in the banking sector with the market capitalisation of Rs 5.03 lakh crore.
The president-designate of CII also said that one of the biggest challenges facing the Indian industry relates to ethics, values and governance.
REUTERS - Kotak Mahindra Bank , India's fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ...
REUTERS - Kotak Mahindra Bank , India's fourth largest private sector lender by assets, posted a 23 percent jump in its first-quarter net profit, helped by higher interest and fee income. Net profit rose ...