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Stocks to react with earnings: HDFC Vs Kotak Mahindra; Top Stocks

Stocks of Kotak Mahindra: Kotak Mahindra Bank Limited on Monday reported a 15% rise on year-on-year, in its standalone net profit for the March quarter at Rs 1,124 crore. The bank’s year-on-year standalone net interest income (NII) for the quarter in review jumped by 19.4% to Rs 2,580 crore from Rs 2,161 crore. Gross non-performing assets were down to 2.22% for January to March 2018 from 2.31% in the December quarter. Meantime, its net non-performing assets fell to 0.98% from 1.09% in the Q-3.

Shares of Kotak Mahindra Bank Limited was finally traded today in the exchange at Rs.1210.35 up 1.83 percent vis-à-vis the previous close of Rs. 1183.75. The stock hit an intraday high of Rs. 1218.30 and intraday low of 1193.65. HDFC’s fourth quarter Profit surge by 39.2 percent at Rs 2,846.22 Crore from Rs 2,044.22 crore.

Shares HDFC: The largest Mortgage lender HDFC in its a stock exchange filing stated its total income stood at Rs 9,633.89 crore, up 13% year on year for the March-ending quarter from Rs 8,514.51 crore in the period last year. The net interest income was up by 12.4% to Rs 3,617 crore for the Q4 from Rs 3,216 crore last year. The company has recommended a final dividend of Rs. 16.50 per equity share, of face value of Rs.2 each, for the FY 2017-18.

Shares of HDFC closed today in the exchange at Rs.1884.65 in comparison with the last close of Rs. 1857.85. The stock hit an intraday high and low of Rs. 1892.05 and Rs. 1857.30, respectively on the exchange.

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