Kotak Mahindra Bank shares fall over 4% as Q2 margins slip, NPAs rise. What brokerages say
Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender’s net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. “Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our…
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Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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RBI ignores ‘Global Dangal’ in MPC meet. What does it mean for stock market investors?
Despite recent headline-grabbing events in global markets and dovish guidance from other central bankers, the RBI MPC decided on Thursday to keep policy rates and stance unchanged. Since this decision aligned with market expectations, it had a largely neutral impact on stock investors. “Global ‘dangal’ to continue. The RBI does not seem to be under…
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kotak bank shares: Kotak Bank shares drop over 3% as Q1 NIMs disappoint. Should you invest?
Shares of Kotak Mahindra Bank dropped over 3% in Monday’s early trading session to the day’s low of Rs 1,756 on BSE as the bank’s Net Interest Margin (NIM) was reported at 5.02% for Q1FY25. However, Kotak Bank reported a standalone net profit of Rs 6,250 crore for the quarter that ended June 30, 2024,…
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Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On…
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