Kotak Mahindra Bank shares rise 2% as top Nifty gainer | Is it right time to book profits or wait? Target, stop loss
New Delhi, Oct. 26 -- Kotak Mahindra Bank share price rose as much as 2% on Monday, ranking among the top gainers on the Nifty 50, after the private lender posted robust earnings growth in the second quarter of the financial year.
Kotak Mahindra Bank shares opened at Rs.440.90 per share today, as compared to previous close of Rs.430.50 on Friday last week and touched an intraday high of Rs.446.30 on 26 October.
Kotak Mahindra Bank reported a 26% year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs.5,645 crore in Q2 FY27, compared with Rs.4,468 crore in the corresponding quarter of the previous fiscal. On a quarter-on-quarter (QoQ) basis, consolidated PAT rose 3% from Rs.5,480 crore in Q1 FY27.
On a standalone basis,...
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