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Kotak Mahindra Bank Share Price Today: Latest Updates for NSE and BSE
Live Price and Market Analysis
As of 05:49 IST on April 25, 2024, Kotak Mahindra Bank's (KTKM) share price on the National Stock Exchange (NSE) stood at ₹500.247. The stock experienced a slight dip of 0.5% during the morning trading session.
On the Bombay Stock Exchange (BSE), Kotak Mahindra Bank's share price opened at ₹500.500 and traded within a range of ₹499.500 to ₹502.000 throughout the day. At the time of writing, the stock was trading at ₹500.000, marking a marginal decline of 0.1% from the previous close.
Fundamental Factors
Kotak Mahindra Bank, a leading private sector bank in India, has been witnessing steady growth in its operations. The bank recently reported strong financial results for the fiscal year ended March 31, 2024.
Key highlights from the bank's financial performance include:
- Net interest income grew by 15% year-over-year.
- Total deposits increased by 12%.
- Advances grew by 14%.
- Net profit rose by 17%.
Analyst Recommendations
Based on the bank's solid financial fundamentals and growth prospects, several analysts have recommended buying or holding the stock:
- Citigroup has a "Buy" rating on KTKM with a target price of ₹525.
- Credit Suisse has a "Hold" rating with a target price of ₹505.
- JPMorgan has an "Overweight" rating with a target price of ₹530.
Conclusion
The live share price of Kotak Mahindra Bank on both NSE and BSE indicates a stable trend with minor fluctuations. The bank's strong financial performance and positive analyst recommendations make it a potential investment opportunity for investors seeking growth in the banking sector.
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