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.
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 its 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 September 03, 2014, at 10:58 hrs Kotak Mahindra Bank was quoting at Rs 1053.80, down Rs 4.1, or 0.39 percent. The 52-week high of the share was Rs 1065.35 and the 52-week low was Rs 591.00.
The company's trailing 12-month (TTM) EPS was at Rs 19.84 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 53.11. The latest book value of the company is Rs 159.25 per share. At current value, the price-to-book value of the company is 6.62.
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