Trending stocks: Kotak Bank shares up 2% ahead of Q4 earnings

NEW DELHI: Shares of Kotak Mahindra Bank traded 2.45 per cent up in Wednesday 's trade at 09:49AM (IST).
Around 57760 shares changed hands on the counter. The stock opened at Rs 1219.8 and touched an intraday high and low of Rs 1219.8 and Rs 1184.25 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1740.0 and a 52-week low of Rs 1001.0 .

Kotak Mahindra Bank, which is scheduled to post its March quarter earnings today, is likely to see decent earnings growth with asset quality being largely stable.

Financials
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 221376.80 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5914.92 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2174.73 Crore (.00% of total assets).

Kotak Mahindra Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 14727.95 Crore to Sales Value (74.57 % of Total Sales), Income From Investment which contributed Rs 3933.00 Crore to Sales Value (19.91 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 755.29 Crore to Sales Value (3.82 % of Total Sales) and Interest which contributed Rs 332.25 Crore to Sales Value (1.68 % of Total Sales)for the year ending 31-Mar-2018.

Promoter holding
Promoters held 29.92 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 26.24 and price to book value of 3.95 .