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Kotak Mahindra Bank Share Price Today
Key Highlights
- WEB: 173525
- Date: Feb 20, 2024
- Time: 03:59 PM IST
Latest Financial Performance
Kotak Mahindra Bank Limited, one of India's leading private banks, has released its latest financial results. The bank reported strong growth in revenue and profitability for the fiscal year ended March 31, 2024.
The bank's net profit for the year stood at Rs. 17,926.5 million, a significant increase of 590.03% compared to the previous year. The increase in profitability was driven by strong growth in net interest income, which rose by 33.52% to Rs. 52,933.6 million.
Share Price Movements
Kotak Mahindra Bank's share price has been performing strongly in recent months. The stock reached a 52-week high of Rs. 1,792.65 on Feb 29, 2024, and has since consolidated around these levels.
The stock's current market capitalization stands at Rs. 310,017 crore, making it one of the most valuable banking stocks in India.
Conclusion
Kotak Mahindra Bank remains a strong player in the Indian banking sector. The bank's latest financial results and share price performance reflect the ongoing confidence investors have in the company.
As the bank continues to expand its operations and leverage its strong brand, we can expect to see continued growth in its share price in the future.
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