Kotak Mahindra Bank gains after Q2 results

Kotak Mahindra Bank rose 0.21% to Rs 789.10 at 13:43 IST on BSE after net profit rose 42.81% to Rs 813.29 crore on 13.46% increase in total income to Rs 5243.58 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during trading hours today, 25 October 2016.

Meanwhile, the BSE Sensex was down 109.71 points, or 0.39%, to 28,069.37.

On BSE, so far 71,000 shares were traded in the counter, compared with average daily volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 793.65 and a low of Rs 781 so far during the day. The stock hit a record high of Rs 825.60 on 9 September 2016. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 0.96% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.06% as against Sensex's 0.72% rise.

The large-cap private sector bank has equity capital of Rs 918.65 crore. Face value per share is Rs 5.

As on 30 September 2016, Kotak Mahindra Bank had a national footprint of 1,336 branches spread across 702 locations and 2,044 ATMs.

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