Thursday 2 May 2019

Kotak Mahindra Bank Q4 Profit Jumps 25% YoY; Should You Buy, Sell Or Hold?

The brokerages have a mixed rating on Kotak Mahindra Bank after it reported an impressive jump in profits. Jefferies downgraded the stock to Underperform, while CLSA maintained 'buy' rating on the company.

The private lender reported Q4 standalone net profit at Rs 1,407.8 crore against Rs 1,124 crore reported in the same quarter last fiscal.

The net interest income of the bank rose 18 percent at Rs 3,048 crore against Rs 2,580 crore in Q4FY18.

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