Commodities

Kotak Mahindra Net profit increased,

Kotak Mahindra Bank January-March quarterly Net Profit raised 29.48% to Rs 527 Crore. Bank  Income from Interest increased from Rs 967 crore to Rs 1123 crore. On YOY basis the growth in income from interest is 16.3%. Bank announced one Bonus share for each share to please share holders, after this news a giant leap has witnessed in stock price. Bank Stocks gained 5% traded near Rs 1400. According to Banking analyst Kotak quarterly earnings remains better than expected. Expert View: Currently valuations of shares are high, advice to buy on dips. Commodity Updates:  Gold continues to fall...
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