Net interest income grows 28% year-on-year to reach Rs 1,246 crore.
The company reported a 10.8 % YoY decline in consolidated net profit, amounting to Rs 16,011 crore
Recommendation: Buy; Target Price: Rs 5500
The order includes the supply of 10 locomotives and 150 wagons to CFM, Mozambique, for a total value of Rs 500 crore.
Recommendation: Reduce; Target Price: Rs 2040
Recommendation: Add; Target Price: Rs 2800
Recommendation: Add; Target Price: Rs 700
Kotak Mahindra Bank, the private lender, reported a remarkable net profit of Rs 3,452 crore for the first quarter of FY24
In terms of sectors, the auto, realty, IT, power, and capital goods indices all displayed positive movements, with gains ranging from 0.5 to 1 %
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