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Tamilnad Mercantile Bank shares jump 17% to hit 52-week high

The company reported an 11.54% year-on-year (YoY) jump in its June quarter net profit at Rs 261 crore, up from Rs 234 crore reported by the lender in the corresponding period of the previous financial year. ....

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MSCI: Kotak Mahindra Bank stock may see strong momentum, $690 million inflows, says Nuvama

KMB shares: Nuvama said if its shareholding calculations hold true and MSCI consider 41.22 per cent as the current foreign holding, Kotak Mahindra Bank could see weight up-led inflows to the tune of $690 million.
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Kotak Mahindra Bank shares: CLSA upgrades KMB stock to 'buy' on less-demanding valuations

KMB's valuation premium to ICICI Bank and HDFC Bank has fallen to 10-20 per cent and even if one discounts the CEO transition, some premium for KMB is justified due to higher growth, CLSA said.

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