Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (with a market cap of Rs 400504.39 Crore).
Kotak Mahindra Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
Investment Rationale
The stock has broken out of a consolidation phase on good volumes after forming a double bottom at Rs 1,935 levels, suggesting bullishness. Further, RSI has also turned upwards after making a positive reversal.
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 15341.65 Crore, up 19.86 per cent from last quarter Total Income of Rs 12799.59 Crore and up 12.88 per cent from last year same quarter Total Income of Rs 13591.41 Crore. The bank has reported net profit after tax of Rs 2988.74 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 26.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 42.58 per cent, DIIs 15.29 per cent.
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