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.
– 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.
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.
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.