Kotak Mahindra Bank's shares gained as much as 1.75 percent in morning trade Thursday to touch a 52-week high of Rs 718 ahead of fourth quarter earnings.
According to the average of the CNBC-TV18 poll, private sector lender's standalone (pure banking business) profit after tax is expected to grow by 23 percent year-on-year to Rs 364 crore and net interest income (NII) is likely to jump 27 percent to Rs 870 crore from Rs 688 crore Y-o-Y.
Meanwhile, its consolidated profit after tax may rise 23 percent Y-o-Y to Rs 641 crore and net interest income is seen increasing 23 percent to Rs 1,291 crore in fourth quarter.
At 10:57 hours IST, the stock was quoting at Rs 715.50, up 1.40 percent on Bombay Stock Exchange.
Kotak Mahindra stock price
On November 27, 2015, at 12:20 hrs Kotak Mahindra Bank was quoting at Rs 691.10, up Rs 6.75, or 0.99 percent. The 52-week high of the share was Rs 744.45 and the 52-week low was Rs 423.58.
The company's trailing 12-month (TTM) EPS was at Rs 9.56 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 72.29. The latest book value of the company is Rs 77.62 per share. At current value, the price-to-book value of the company is 8.90.
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