Kotak Mahindra Bank Shares: Kotak Mahindra Bank Share Price on NSE/BSE
Kotak Mahindra Bank shares have jumped today on May 6 after the Q4FY24 results. The shares have increased by about 5% and are currently trading at Rs 1,625.20. On the previous day i.e. Friday, May 3, the shares of Kotak Mahindra Bank closed at Rs 1546.70 and today Kotak Mahindra Bank shares has started its day from Rs 1,605.00. The Q4FY24 result of Kotak Mahindra Bank shares came on Friday and it has beaten its previous estimate, that is why there has been a good jump in the shares today.
Synopsis
Kotak Mahindra Bank shares Q4FY24 Result Highlights
The Board of Directors of Kotak Mahindra Bank announced the results for the quarter and financial year ended March 31, 2024 at a board meeting held in Mumbai on Friday.
- In the Financial Year (FY24), Kotak Mahindra Bank had earned a PAT (Profit After Tax) of Rs 4,133 crore in the quarter of the last Financial Year (FY24), while Kotak Mahindra Bank earned a PAT of Rs 4,133 crore in the quarter result of the Financial Year (FY24) of this year. Rs 13,782 crore has been earned, an increase of 26% from last year.
- Kotak Mahindra Bank has also increased its customers, this year it has reached 5.0 crores by March 31, 2024, whereas last year it was 4.1 crores. The bank has also declared a dividend of Rs 2 per share to its shareholders. The bank’s net interest income grew by 21% to Rs 25,993 crore in FY24 from Rs 6,909 crore in the previous quarter, up 13%.
- Fees or service income has increased by 25% to Rs 8,464 crore in FY24, which was Rs 2,467 crore in the last FY24.
- IBPC & BRDS increased by 20% to Rs 391,729 crore and was up 18% to Rs 5,462 crore in Q4FY24.
- Advance current deposit has increased by 3% to Rs 60,160 crore from its last year’s quarter.
Financial Metrices of Kotak Mahindra Bank Shares
Today Kotak Mahindra Bank shares today opens at Rs 1,05.00 and the high Kotak Mahindra Bank shares for the day was Rs 1,633.00 and low was Rs 1,594. Total market capitalization is Rs 3.23LCr. Kotak Mahindra Bank stock 52-week high record of Rs 2,064.40 and the stock’s 52-week low is Rs 1,543.85.
Currently the Kotak Mahindra Bank is providing any dividend yield of 0.10% and on the other hand, it is providing the sector dividend yield of 0.85%. PE ratio of Kotak Mahindra Bank shares is 18.14 and sector PE ratio is 18.45. PB ratio of stock is 2.79 and sector PB ratio is 2.92. Kotak Mahindra Bank stock is showing good signs of profitability and stock is overpriced but not in an overbought zone.
Peer comparison of Kotak Mahindra Bank Stock
This peer comparison is between Kotak Mahindra Bank Stock and its other competitive banking sectors stocks. In this we can see comparison of its PE ratio, its last year performance and how experts have given their recommendations regarding these stocks. Before making any financial investment consult with your financial expert.
| Industry Name | PE Ratio | 1 Year Return | Buy Recommendation by Experts |
| Kotak Mahindra Bank Ltd | 18.14 | -17.00% | 47.00% |
| HDFC Bank Ltd | 18.18 | 10.25% | 90.24% |
| ICICI Bank Ltd | 18.09 | 23.75% | 92.50% |
| Axis Bank Ltd | 13.49 | 32.76% | 89.74% |
| Indusind Bank Ltd | 13.05 | 29.45% | 85.37% |
Financial History of Kotak Mahindra Bank Stock
Kotak Mahindra Bank shares listed on both National Stock Exchange (NSE) and BSE (Bombay stock Exchange). If we check its financial growth history of Kotak Mahindra Bank stock, it has given a return rate of 16.28% in the last 5 years and it has given negative return rate of -17.10% in the last 1 year. In the last 6 months, Kotak Mahindra Bank Ltd stock has given also negative return rate of -6.63% to its shareholders and now if we talk about Financial Year 24, it has performed very well in the last 1 month and has given a return rate of -9.15%.
Kotak Mahindra Bank shares have not shown any special performance in the last 5 years, its performance has been quite weak. In the last 5 years, Kotak Mahindra Bank revenue growth has been weaker than industry growth. The industry revenue growth rate was 12.11% and Kotak Mahindra Bank revenue growth rate was 11.91% and Kotak Mahindra Bank market share has also decline from 8.67% to 8.66% and net income has grown less at a yearly rate of 19.2% as compared to the average rate of 24.56%.
About Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Limited is a banking and finance services company in India which provides banking products and financial services to its retail and corporate customers. Kotak Mahindra Bank Limited provides services of wealth management, investment banking, personal fiancé and life insurance to its customers. The headquarters of Kotak Mahindra Bank Limited is in Mumbai, India and its CEO are Ashok Vaswani and it was established on 21 November 1985. Its founder is Uday Kotak.
Kotak Mahindra Bank Ltd Share Price Target for 2024
The share price target of Kotak Mahindra Bank Ltd depends on certain factors. It mainly depends on what is the condition of the market. In which trend is the market moving? So, this share price target given is just a prediction which can go up or down according to the market trend. So the share price target for Kotak Mahindra Bank Ltd could be Rs 1915.00.
Kotak Mahindra Bank Ltd Share Price Target for 2025
Share price target of Kotak Mahindra Bank Ltd for 2025 could be Rs 2550.00.
Kotak Mahindra Bank Ltd Share Price Target for 2026
Share price target of Kotak Mahindra Bank Ltd for 2026 could be Rs 2702.00.
Kotak Mahindra Bank Ltd Share Price Target for 2030
Share price target of Kotak Mahindra Bank Ltd for 2025 could be Rs 5115.00. This is just prediction before make any investment consult your financial expert.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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