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kotak mahindra bank share price: Buy Kotak Mahindra Bank, target price Rs 1860: Edelweiss


Edelweiss has buy call on
Kotak Mahindra Bank with a target price of Rs 1860. The current market price of Kotak Mahindra Bank is Rs 1754.75. Time period given by analyst is Intra Day when Kotak Mahindra Bank Ltd. price can reach defined target.
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 347881.52 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 16175.87 Crore, up 9.04 % from last quarter Total Income of Rs 14834.99 Crore and up 33.85 % from last year same quarter Total Income of Rs 12084.71 Crore. The bank reported net profit after tax of Rs 2589.32 Crore in latest quarter. ....

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India's Gold Revamp Pushes On as Spot Trading Inches...


The gifting of gold at weddings and festivals, and its purchase as a store of value are deeply held traditions in India, and the country has been trying to overhaul its fragmented gems and jewelry industry to make supply more transparent, help enforce purity standards and bolster confidence among consumers.
The Securities and Exchange Board of India, the regulator appointed by the government, has proposed a new framework laying out the role of spot exchanges, assayers, vaults and traders and the policy is open for public feedback till June 18.
While there is no official deadline for the final rules, the industry’s expectations are that they will be firmed up by September, according to Shekhar Bhandari, the Mumbai-based president and business head of global transaction banking at Kotak Mahindra Bank Ltd. The Indian gold industry is also banking on spot trading to provide it a greater say in pricing, much like biggest consumer China. ....

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Financials lift Indian shares to new high ahead of cenbank meeting


3 minute read
Indian shares closed at a record high on Thursday after two straight sessions of muted trading, as heavyweight financial and consumer discretionary stocks gained, while investors awaited the central bank s policy meeting outcome due Friday.
The blue-chip NSE Nifty 50 index (.NSEI) closed 0.73% higher at 15,690.35, while the benchmark S&P BSE Sensex (.BSESN) rose 0.74% to 52,232.43. Both the indexes have gained more than 7% in about 30 days to June 3, as a steady decline in daily COVID-19 cases has lifted investor sentiment.
The country has continued to see a decline in daily COVID-19 cases, with data from the health ministry on Thursday showing 134,154 fresh infections in the last 24 hours, keeping below the 200,000 mark for a week. read more ....

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