Kotak Mahindra Bank share price gains over 4% after Q4 results beat estimates. Should you buy, sell or hold the stock?
New Delhi, May 6 -- Kotak Mahindra Bank share price gained over 4% in early trade on Monday after the private sector lender reported better than expected Q4 results. Kotak Mahindra Bank shares rallied 4.2% to Rs.1,612.30 apiece on the BSE.
Kotak Mahindra Bank reported a standalone profit for the quarter ended March 2024 at Rs.4,133.30 crore, a growth of 18.22% year-on-year (YoY), while its net interest income (NII) increased 13% YoY to Rs.6,909 crore.
Its net interest margin (NIM) in Q4FY24 rose to 5.28% from 5.22% in Q3FY24.
Read here: Kotak Mahindra Bank Q4FY24 results: PAT jumps 18% YoY, NII rises 13%, board recommends Rs.2 per share dividend
Analysts have cited risks from the RBI restrictions on Kotak Mahindra Bank, however, they ...
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