Trending stocks: Kotak Mahindra Bank shares up nearly 2%

NEW DELHI: Shares of Kotak Mahindra Bank Ltd. traded 1.94 per cent up in Wednesday's trade at 10:53AM (IST). Around 108086 shares changed hands on the counter. The stock opened at Rs 1355.0 and touched an intraday high and low of Rs 1377.0 and Rs 1343.0, 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.

Asia’s richest banker Uday Kotak sold 56 million shares, or 2.8 per cent stake, for more than 6,900 crore through block deals on Tuesday to reduce his stake in Kotak Mahindra Bank to 26.1 per cent in a move to comply with Reserve Bank of India (RBI) regulations.

Financials
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 256901.92 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5487.66 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1744.81 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 Mar 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 30.39 and price to book value of 4.51.