Stocks to buy today: Indian equity benchmarks rose in early trade on Wednesday, led by gains in banks, financials, consumer durables and energy stocks. The 30-share BSE Sensex climbed 253 points or 0.43% to 59,360, while the broader NSE Nifty moved 70 points or 0.40% lower to trade at 17,468. Watch this Business Today Visual stocks to check which stocks to buy on 5th April 2023.
ICICI Bank has been consolidating in a broader range of Rs 820-875 levels since the last two months, as prices can be seen fluctuating around its 200-day exponential moving average.
Kotak Bank Q4 Results: Net profit rises 33% YoY, below estimates; asset quality improves
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Last Updated: May 03, 2021, 01:51 PM IST
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Synopsis
The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter.
The lender reported 8% on-year growth in net interest income to Rs. 3,843 crore for the quarter.
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MUMBAI:
Kotak Mahindra Bank on Monday reported a 33 per cent year-on-year rise in net profit to Rs. 1,682 crore for the quarter ended March, missing analysts estimates by a wide margin. Sequentially, the lender’s net profit fell on account of a rise in provisions.
The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter, which was also below Street’s estimate.
Kotak Mahindra Bank beats Street estimates in Q3, asset quality improves
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Last Updated: Jan 26, 2021, 11:02 AM IST
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Credit growth although far from galloping was off to a circumspect start at India’s third-most valued lender that added a bit more lustre to its asset base.
Kotak Mahindra Bank s provisions and contingencies stood at Rs 599 crore.
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MUMBAI: Kotak Mahindra Bank Monday beat estimates of net profit with a 16% on-year increase in the December quarter even as credit growth, although far from galloping, was off to a circumspect start at India’s third-most valued lender that added a bit more lustre to its asset base.