Kotak Mahindra Bank shed 0.41% to Rs 673.15 at 13:51 IST on BSE after net profit rose 36.63% to Rs 634.72 crore on 61.77% rise in total income to Rs 4843.86 crore in Q3 December 2015 over Q3 December 2014.
The result was announced during market hours today, 18 January 2016. The results are not comparable due to merger of ING Vysya Bank with Kotak Mahindra Bank which took effect from 1 April 2015.Meanwhile, the S&P BSE Sensex was down 18.75 points or 0.08% at 24,436.29
On BSE, so far 1.35 lakh shares were traded in the counter as against average daily volume of 1.23 lakh shares in the past one quarter. The stock hit a high of Rs 686.40 and a low of Rs 665.10 so far during the day. The stock had hit a record high of Rs 744.45 on 21 July 2015. The stock had hit a 52-week low of Rs 594.10 on 7 September 2015. The stock had outperformed the market over the past one month till 15 January 2016, falling 1.1% compared with Sensex's 3.42% fall. The scrip had also outperformed the market in past one quarter, gaining 3.44% as against Sensex's 9.46% fall.
The large-cap private bank has equity capital of Rs 916.25 crore. Face value per share is Rs 5.
Kotak Mahindra Bank is one of the leading private sector banks in India.
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