May 02, 2013, 11.08 AM | Source: Moneycontrol.com
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.
Parag Thakkar of HDFC Securities is of the view th
Private sector lender Kotak Mahindra Bank has repo
Mitesh Thacker of miteshthacker.com recommends buy
Kotak Mahindra Bank's second quarter (July-Septemb
Although consumption should pick up from now until