Free Stock Tips trading expert report says following the good results of Kotak Mahindra Bank, on Wednesday, the stock of the bank was up 7 percent. During the business, the stock of the company reached the level of Rs 1288.40, which is a high level of 52 weeks. Indeed, in the fourth quarter of the fiscal year 2018, Kotak Mahindra Bank's net profits have gained momentum. This is why the stock of the company has also accelerated. The bank's stock closed at Rs 1260 with a gain of 4.04 percent at the beginning of the business.
Move on such a stock
The Free Stock Tips of the company was closed at Rs 1211.10 on Monday, which was opened at a price of Rs 1232 on Wednesday. During the business, the stock of the company reached the level of Rs. 1288.40. During this period, the stock of the company was also at 1223.20 low level. In the past year, the company's stock price has risen by 38 percent. On May 2, 2017, the stock price of the company was Rs 917.8.
Bank profits up to Rs 1789 crore
In fact, in the fourth quarter of the fiscal year 2018, Kotak Mahindra Bank has made a profit of Rs 1789 crore on a consolidated basis. During this period, the bank's profits increased by 27.4 percent. In the fourth quarter of the financial year 2017, the bank had a profit of Rs 1404 crores. In the third quarter, the bank had a profit of Rs 1,624 crore. In the fourth quarter, interest income of Kotak Mahindra Bank rose 17.1 percent to Rs 3384 crore.
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