Kotak Mahindra Bank gained 3.98% to Rs 690 at 13:15 IST on BSE after net profit rose 28.11% to Rs 569.50 crore on 63.94% rise in total income to Rs 4621.38 crore in Q2 September 2015 over Q2 September 2014.
The bank announced results during market hours today, 30 October 2015.
Meanwhile, the BSE Sensex was down 64.63 points, or 0.24%, to 26,773.51.
On BSE, so far 2.17 lakh shares were traded in the counter, compared with an average volume of 1.19 lakh shares in the past one quarter.
Shares of a private sector bank hit high of Rs 692.65 and low of Rs 662.50 so far during the day. The stock hit a record high of Rs 744.45 on 21 July 2015. The stock hit a 52-week low of Rs 532.33 on 19 November 2014.
The large-cap bank has equity capital of Rs 915.55 crore. Face value per share is Rs 5.
The Q2 results include operations of erstwhile ING Vysya Bank which got merged with the bank. Hence, the results are not comparable with that of the corresponding period of the previous year.
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