Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs. 483.00, up by 3.70 points or 0.77% from its previous closing of Rs. 479.30 on the BSE.

The scrip opened at Rs. 482.00 and has touched a high and low of Rs. 486.80 and Rs. 478.50 respectively. So far 9640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 514.90 on 01-Nov-2011 and a 52 week low of Rs. 333.25 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs. 500.00 and Rs. 475.00 respectively. The current market cap of the company is Rs. 35728.19 crore.

The promoters holding in the company stood at 45.40% while Institutions and Non-Institutions held 32.24% and 22.28% respectively.

Kotak Mahindra Bank, the private sector lender is eying acquisition opportunities within India on a top priority basis. The bank aims to transform itself into a bank of global scale, quality and size, ‘ever-young’ Indian banking company.

The bank has over 329 branches and 782 ATMs across the country. The bank’s net profit for the quarter ended December 31, 2011 has surged by 46.95% at Rs 276.08 crore as compared to Rs 187.87 crore for the quarter ended December 31, 2010. Bank’s total Income has increased by 47.42% at Rs 1922.94 crore for the quarter under review from Rs 1304.41 crore for the December quarter of the previous fiscal.