MUMBAI: The Indian stock market opened in green on Monday as buying was seen in the auto, IT and PSU bank sectors.
Kotak Mahindra Bank shares fell over 4% as net interest margins declined and asset quality worsened. Brokerages cut earnings estimates and target prices, citing rising NPAs and slower growth.
Tech Mahindra emerged as the top gainer on the NSE, surging 3.16 per cent in early trade, followed by HDFC Bank which rose ...
Indian indices opened higher, led by HDFC Bank and Reliance, despite negative global cues. HDFC Bank shares surged over 3% ...
HDFC Bank Q2 earnings above estimates, profit grows 5.3% YoY to Rs 16,821 crore. Kotak Mahindra Bank Q2 profit rises 4.8% YoY to Rs 3,343.7 crore, asset quality weakens sequentially . Tech Mahindra Q2 ...
Kotak Bank's target prices were raised by 2-3% by several brokerages while maintaining their ratings on the lender given ...
Kotak Mahindra Bank Q2 Results . Earlier on Saturday, Kotak Mahindra Bank posted a marginal 5 per cent increase in its ...
The brokerage maintains ‘Buy’ rating on the stock and raises target price to Rs 2300 which is mostly driven by improved subsidiary valuations.
Weaker loan growth, higher slippages, shrinking margins, and the RBI's restrictions on its digital banking operations impacted the bank’s Q2 performance, with brokerages warning that these challenges ...