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 30, 2014, Kotak Mahindra Bank closed at Rs 1013.45, up Rs 11.20, or 1.12 percent. The 52-week high of the share was Rs 1086.10 and the 52-week low was Rs 630.80.
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 51.08. The latest book value of the company is Rs 159.23 per share. At current value, the price-to-book value of the company is 6.36.
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