Kotak Mahindra Bank inches up amid volatility after Q3 earnings

Kotak Mahindra Bank rose 0.13% to Rs 1,390.75 at 11:58 IST on BSE after net profit rose 36.63% to Rs 464.52 crore on 20.15% growth in total income to Rs 2994.20 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 20 January 2015.

Meanwhile, the S&P BSE Sensex was up 187.44 points or 0.66% at 28,449.45.

On BSE, so far 85,000 shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 0.83% at the day's high of Rs 1,400.65 so far during the day. The stock fell as much as 0.35% at the day's low of Rs 1,384 so far during the day. The stock had hit a record high of Rs 1,440 on 15 January 2015. The stock had hit a 52-week low of Rs 630.80 on 14 February 2014.

The stock had outperformed the market over the past one month till 19 January 2015, advancing 12.38% compared with Sensex's 3.25% rise. The scrip had also outperformed the market in past one quarter, jumping 38.72% as against Sensex's 8.25% rise.

The private sector bank has equity capital of Rs 385.86 crore. Face value per share is Rs 5.

Kotak Mahindra group is one of India's leading financial services conglomerates.

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