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L&T Finance Holdings scales record high after good Q2 result
Oct 26,2016

The result was announced after market hours yesterday, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 215.66 points or 0.77% at 27,875.76

On BSE, so far 14.88 lakh shares were traded in the counter as against average daily volume of 13.79 lakh shares in the past one quarter. The stock hit a high of Rs 106.60 so far during the day, which is also record high for the stock. The stock hit a low of Rs 101.80 so far during the day. The stock had hit a 52-week low of Rs 48.30 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, gaining 11.56% compared with 0.72% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 20.74% as against Sensexs 0.24% rise.

The large-cap company has equity capital of Rs 1754.12 crore. Face value per share is Rs 10.

L&T Finance Holdings said that rigorous focus on identified businesses and strong execution on strategic initiatives has led to robust business growth. In these focus businesses, disbursements have grown by 28% while total assets have increased by 24% in Q2 September 2016 over Q2 September 2015. L&T Finance Holdings continued to leverage technology to deliver superior customer experience and to gain market share. Mobility solutions with integrated rule based decision engines has helped sharply reduce turnaround time and standardise credit decisions, the company said.

L&T Finance Holdings is a financial holding company offering a focused range of financial products and services across rural, housing and wholesale finance sectors, as well as mutual fund products and wealth management services, through its wholly-owned subsidiaries.

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IDFC Bank gains after robust Q2 outcome
Oct 26,2016

The result was announced after market hours yesterday, 25 October 2016.

Meanwhile, the BSE Sensex was down 220.12 points, or 0.78%, to 27,871.30.

On BSE, so far 10.53 lakh shares were traded in the counter, compared with average daily volume of 15.44 lakh shares in the past one quarter. The stock hit a high of Rs 81.20 and a low of Rs 78.80 so far during the day. The stock hit a record high of Rs 83.45 on 28 September 2016. The stock hit a record low of Rs 43.15 on 21 January 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, rising 6.90% compared with 0.72% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 52.68% as against Sensexs 0.24% rise.

The large-cap private sector bank has equity capital of Rs 3395.07 crore. Face value per share is Rs 2.

IDFC Bank commenced its banking operations on 1 October 2015. Accordingly, the results for Q2 September 2016 are not comparable with corresponding previous quarter.

The banks gross non-performing assets (NPAs) stood at Rs 3219.68 crore as on 30 September 2016 as against Rs 3029.87 crore as on 30 June 2016.

The ratio of gross NPAs to gross advances stood at 5.96% as on 30 September 2016 as against 6.09% as on 30 June 2016.

The ratio of net NPAs to net advances stood at 2.44% as on 30 September 2016 as against 2.32% as on 30 June 2016.

IDFC Bank is a subsidiary of IDFC. The Reserve Bank of India (RBI) granted a universal banking license to IDFC on 23 July 2015. IDFC demerged on 1 October 2015, transferring all assets and liabilities of its lending business to IDFC Bank. IDFC Financial Holding Company holds 52.95% stake in the bank as per the shareholding pattern as at 15 October 2016. Shares of IDFC Bank listed on the stock exchanges on 6 November 2015.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile. IDFC Bank will focus on serving the rural underserved communities and the self-employed, while continuing to support the countrys infrastructure sector. IDFC Bank provides customized financial solutions to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions and the government.

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SBI slips after raising funds from additional tier-1 bonds
Oct 26,2016

The announcement was made after market hours yesterday, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 223.32 points or 0.79% at 27,867.07

On BSE, so far 1.94 lakh shares were traded in the counter as against average daily volume of 27.90 lakh shares in the past one quarter. The stock hit a high of Rs 261.30 and a low of Rs 257.95 so far during the day. The stock had hit a 52-week high of Rs 271.55 on 8 September 2016. The stock had hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, rising 3.83% compared with 0.72% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 14.28% as against Sensexs 0.24% rise.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) said that the bank has issued and allotted 25,000 additional tier-1 (AT1) Basel III compliant non-convertible, perpetual, subordinated, unsecured debt instrument in the nature of debenture, of face value Rs 10 lakh each at par through private placement bearing coupon at 8.39% per annum payable annually with call option after 5 years or any coupon payment date thereafter aggregating to Rs 2500 crore in third tranche.

SBIs net profit fell 31.7% to Rs 2520.96 crore on 9.4% rise in net sales to Rs 48928.60 crore in Q1 June 2016 over Q1 June 2015.

SBI is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2016).

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Bharti Infratel slips as Bharti Airtel mulls stake sale
Oct 26,2016

Meanwhile, the BSE Sensex was down 227.73 points, or 0.81%, to 27,863.69.

On BSE, so far 21,000 shares were traded in the counter, compared with average daily volume of 2 lakh shares in the past one quarter. The stock hit a high of Rs 382 and a low of Rs 370.20 so far during the day. The stock hit a 52-week high of Rs 436.40 on 30 December 2015. The stock hit a 52-week low of Rs 302.10 on 24 June 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, rising 3.65% compared with 0.72% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 0.16% as against Sensexs 0.24% rise.

The large-cap company has equity capital of Rs 1,896.67 crore. Face value per share is Rs 10.

Bharti Airtel announced after market hours yesterday, 25 October 2016, that its board of directors authorised a committee of directors to evaluate options for monetization of a significant stake in Bharti Infratel, in accordance with applicable regulations. The final outcome of this exercise will be placed before the board for approval, before any final decision is taken. Bharti Airtel has also requested Bharti Infratel to allow sharing of any information with any prospective buyer, subject to customary confidentiality arrangements. There is no certainty of any transaction until such time the board reviews and approves the final proposal.

Bharti Infratel, Indias leading telecom tower infrastructure provider, is a significant subsidiary of Bharti Airtel. Bharti Airtel has, in the past, divested stakes in Bharti Infratel to a clutch of private equity investors led by Temasek, KKR and other high quality investors in 2008. This was followed by an initial public offering (IPO) in the year 2012 and block sales in the stock market in 2014 and 2015. Bharti Airtel holds 71.96% stake in Bharti Infratel (as on 30 September 2016).

On a consolidated basis, net profit of Bharti Infratel rose 30.80% to Rs 773.80 crore on 9.01% rise in net sales to Rs 1496.30 crore in Q2 September 2016 over Q2 September 2015.

Bharti Infratel is Indias leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

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P I Industries scales record high after strong Q2 outcome
Oct 26,2016

The result was announced after market hours yesterday, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 234.86 points or 0.84% at 27,856.56

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 8,250 shares in the past one quarter. The stock hit a high of Rs 892.55 so far during the day, which is also record high for the stock. The stock hit a low of Rs 856.15 so far during the day. The stock had hit a 52-week low of Rs 495.35 on 26 February 2016. The stock had underperformed the market over the past 30 days till 25 October 2016, faling 1.61% compared with 0.72% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 10.18% as against Sensexs 0.24% rise.

The large-cap company has equity capital of Rs 13.71 crore. Face value per share is Re 1.

P I Industries consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 53% to Rs 128 crore in Q2 September 2016 over Q2 September 2015 benefiting from a favorable product mix and better operating leverage.

P I Industries focuses on agri-input and custom synthesis.

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Bharti Airtel gains after Q2 results
Oct 26,2016

The result was announced after market hours yesterday, 25 October 2016.

Meanwhile, the BSE Sensex was down 207.88 points, or 0.74%, to 27,883.54.

On BSE, so far 1.71 lakh shares were traded in the counter, compared with average daily volume of 3.32 lakh shares in the past one quarter. The stock hit a high of Rs 322.75 and a low of Rs 315.05 so far during the day. The stock hit a 52-week high of Rs 384.90 on 28 April 2016. The stock hit a 52-week low of Rs 282.30 on 29 January 2016. The stock had underperformed the market over the past 30 days till 25 October 2016, faling 2.93% compared with 0.72% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.51% as against Sensexs 0.24% rise.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel said the consolidated revenues grew 5.6% to Rs 24652 crore in Q2 September 2016 over Q2 September 2015, on an underlying basis (viz. adjusted for Africa divested operating units and tower assets sale). Consolidated revenue growth was muted by 3.3% on account of full quarter impact of Nigeria currency devaluation.

Bharti Airtels consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 14.5% to Rs 9466 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin was reported at 38.4% in Q2 September 2016, higher than 34.7% Q2 September 2015.

Consolidated mobile data revenues grew by 21% to Rs 4536 crore in Q2 September 2016 over Q2 September 2015 on underlying basis.

India revenues grew by 10.1% to Rs 19219 crore in Q2 September 2016 over Q2 September 2015. This was led by healthy growth of 20.9% in Digital TV, 19.2% in Airtel Business, 14.9% in Homes and 7.9% in Mobile (net revenues up 10.3%) on a year-on-year (Y-o-Y) basis.

Mobile Data revenues grew by 23.6% to Rs 3576 crore in Q2 September 2016 over Q2 September 2015, led by increase in the Data customer base by 22.8% and traffic by 54.9%. Mobile Broadband customers increased by 62.2% to 41.30 million from 25.50 million in the corresponding quarter last year. Data average revenues per user (ARPU) has moved up by Rs 8 to Rs 201 in Q2 September 2016 over Q2 September 2015, led by 30.6% increase in usage per customer. Mobile Data revenues now contribute to 24.7% of Mobile India revenues compared with 21.5% in the corresponding quarter last year.

Gopal Vittal, MD and CEO, India & South Asia, said that the overall revenue momentum in India has been sustained during Q2 September 2016 with a growth of 10.1% Y-o-Y. This is primarily due to the strong performance of the companys non-mobile businesses which grew in aggregate at 18.8% Y-o-Y, albeit the companys mobile business has experienced a slowdown in growth due to free services being offered by a new operator.

Raghunath Mandava, Chief Operating Officer, Africa, said that underlying Africa revenue growth for the quarter was 4.7% Y-o-Y, backed by the companys focus on profitable top line growth, led via localized distribution, stronger data networks and our war on waste program. Customer growth with focus on quality helped garner the highest net adds over the past 4 quarters, with churn remaining stable. With over 23% of our customers now using data, consumption and revenues have grown by 116.8% & 24.9% Y-o-Y respectively. Airtel Money also continues to lead with transaction values growing over 53% Y-o-Y, and base expansion of 15.3% Y-o-Y. As a result, the companys EBITDA margin has improved by 5.3% Y-o-Y on an underlying basis.

In a separate announcement, Bharti Airtel announced that the board of directors of the company at its meeting held on 25 October 2016, has authorised a committee of directors to evaluate options for monetization of a significant stake in Bharti Infratel, in accordance with applicable regulations. The final outcome of this exercise will be placed before the board for approval, before any final decision is taken. Bharti Airtel has also requested Bharti Infratel to allow sharing of any information with any prospective buyer, subject to customary confidentiality arrangements. There is no certainty of any transaction until such time the board reviews and approves the final proposal. The announcement was made after market hours yesterday, 25 October 2016.

Bharti Infratel, Indias leading telecom tower infrastructure provider, is a significant subsidiary of Bharti Airtel. Bharti Airtel has, in the past, divested stakes in Bharti Infratel to a clutch of private equity investors led by Temasek, KKR and other high quality investors in 2008. This was followed by an initial public offering (IPO) in the year 2012 and block sales in the stock market in 2014 and 2015. As on date Airtel holds 71.96% stake in Bharti Infratel.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.

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Axis Bank tumbles after weak Q2 results
Oct 26,2016

The result was announced after market hours yesterday, 25 October 2016.

Meanwhile, the BSE Sensex was down 205.15 points, or 0.73%, to 27,886.27.

On BSE, so far 6.11 lakh shares were traded in the counter, compared with average daily volume of 7.23 lakh shares in the past one quarter. The stock hit a high of Rs 502.80 and a low of Rs 490 so far during the day. The stock hit a 52-week high of Rs 638 on 7 September 2016. The stock hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had underperformed the market over the past 30 days till 25 October 2016, falling 3.39% compared with 0.72% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.57% as against Sensexs 0.24% rise.

The large-cap private sector bank has equity capital of Rs 478.10 crore. Face value per share is Rs 2.

Axis Banks net interest income (NII) rose 11% to Rs 4514 crore in Q2 September 2016 over Q2 September 2015. The banks provisions and contingencies jumped 412.28% to Rs 3622.74 crore in Q2 September 2016 over Q2 September 2015.

Axis Banks gross non-performing assets (NPAs) stood at Rs 16378.65 crore as on 30 September 2016 as against Rs 9553.17 crore as on 30 June 2016 and Rs 4451.11 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 4.17% as on 30 September 2016 compared with 2.54% as on 30 June 2016 and 1.38% as on 30 September 2015. The ratio of net NPAs to net advances stood at 2.02% as on 30 September 2016 as against 1.08% as on 30 June 2016 and 0.48% as on 30 September 2015.

Axis Bank is one of the biggest private sector banks in India.

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Asian Paints advances after announcing good Q2 financials
Oct 25,2016

The result was announced during market hours today, 25 October 2016.

Meanwhile, the S&P BSE Sensex fell 87.66 points or 0.31% at 28,091.42

On BSE, 1.82 lakh shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter. The stock hit a high of Rs 1,156.90 and a low of Rs 1,117.20. The stock hit a record high of Rs 1,230 on 13 October 2016. The stock had hit a 52-week low of Rs 785 on 9 November 2015. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 5.2% compared with 1.71% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 6.31% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.

K.B.S. Anand, Managing Director & CEO, Asian Paints, said that the decorative business segment in India registered double digit growth in Q2 September 2016. However, a prolonged monsoon did affect demand in west and central India. Good demand conditions in the auto OEM and general industrial business segment led to improved performance of the automotive coatings joint venture (PPG-AP). In the industrial coatings joint venture (AP-PPG), the industrial liquid paints segment cotinued to grow well in Q2 September 2016. The international business performed well aided by contribution from pick-up in Nepal, Fiji and certain units in the Middle East, K.B.S. Anand said. The kitchen business (Sleek) and bath business (ESS ESS) in the home improvement category delivered good growth in Q2 September 2016, he added.

Asian Paints is Indias leading paint company and ranked among the top ten decorative coatings companies in the world. The company along with its subsidiaries have operations in 19 countries across the world and 26 paint manufacturing facilities, servicing consumers in over 65 countries.

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Asian Paints gains after declaring good Q2 result
Oct 25,2016

The result was announced during market hours today, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 80.95 points or 0.29% at 28,098.13

On BSE, so far 1.81 lakh shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter. The stock hit a high of Rs 1,156.90 and a low of Rs 1,117.20 so far during the day. The stock hit a record high of Rs 1,230 on 13 October 2016. The stock had hit a 52-week low of Rs 785 on 9 November 2015. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 5.2% compared with 1.71% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 6.31% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.

Asian Paints is Indias leading paint company and ranked among the top ten decorative coatings companies in the world. The company along with its subsidiaries have operations in 19 countries across the world and 26 paint manufacturing facilities, servicing consumers in over 65 countries.

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Volumes jump at Bharti Infratel counter
Oct 25,2016

Bharti Infratel clocked volume of 21.92 lakh shares by 14:58 IST on BSE, a 46.55-times surge over two-week average daily volume of 47,000 shares. The stock rose 2.46% to Rs 378.95.

Arvind notched up volume of 31.07 lakh shares, a 17.23-fold surge over two-week average daily volume of 1.80 lakh shares. The stock rose 11.54% to Rs 401.

Ion Exchange India saw volume of 2.15 lakh shares, a 9.15-fold surge over two-week average daily volume of 23,000 shares. The stock rose 4.66% to Rs 310.

Deep Industries clocked volume of 4.71 lakh shares, a 7.35-fold surge over two-week average daily volume of 64,000 shares. The stock slipped 0.38% to Rs 274.

MindTree saw volume of 5.22 lakh shares, a 6.84-fold rise over two-week average daily volume of 76,000 shares. The stock shed 0.33% to Rs 454.50.

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Adani Ports spurts after strong Q2 results
Oct 25,2016

The result was announced during trading hours today, 25 October 2016.

Meanwhile, the BSE Sensex was down 87.87 points, or 0.31%, to 28,091.21.

On BSE, so far 15.87 lakh shares were traded in the counter, compared with average daily volume of 4.05 lakh shares in the past one quarter. The stock hit a high of Rs 312.70 and a low of Rs 280.90 so far during the day. The stock hit a 52-week high of Rs 317.50 on 26 October 2015. The stock hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 3.78% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.32% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.

Adani Ports and Special Economic Zone (APSEZ)s consolidated operating income rose 21% to Rs 2183 crore in Q2 September 2016 over Q2 September 2015.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 23% to Rs 1451 crore in Q2 September 2016 over Q2 September 2015.

In Q2 September 2016, APSEZ handled cargo of 43 million metric tonnes (MMT), a growth of 17% over Q2 September 2015.

Karan Adani, Chief Executive Officer of APSEZ said that healthy growth in cargo volumes, operational efficiencies and our efforts to change the mix of bulk cargo beyond coal has enabled us to report all-round growth in our financial numbers. With Make in India scheme of Government of India likely to take off in the near future, the companys special economic zone (SEZ) monetization is expected to gain momentum. Implementation of GST will help the companys logistic arm to expand further. With the companys port to Hinterland connectivity further improving, the company would be truly a fully integrated player providing end to end service to the customers. This will result in higher volume and financial growth.

In a separate announcement during trading hours today, 25 October 2016, the company said its board of directors has given their in-principle approval for issue of non-convertible debentures for an aggregate amount not exceeding Rs 2000 crore in one or more tranches on private placement basis.

APSEZ, a part of the Adani Group, is Indias largest private port operator.

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Zee Entertainment Enterprises gains after good Q2 numbers
Oct 25,2016

The result was announced during trading hours today, 25 October 2016.

Meanwhile, the BSE Sensex was down 77.86 points, or 0.28%, to 28,101.22.

On BSE, so far 2.31 lakh shares were traded in the counter, compared with average daily volume of 1.17 lakh shares in the past one quarter. The stock hit a high of Rs 522.50 and a low of Rs 507.70 so far during the day. The stock hit a 52-week high of Rs 588.80 on 3 October 2016. The stock hit a 52-week low of Rs 350.15 on 17 February 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 2.46% compared with 1.71% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.92% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 96.04 crore. Face value per share is Re 1.

Zee Entertainment Enterprises advertising revenues grew by 15.7% to Rs 959.20 crore in Q2 September 2016 over Q2 September 2015. Domestic advertising revenues were Rs 880 crore while International advertising revenues stood at Rs 79.20 crore for the quarter.

Subscription revenues rose 21.7% to Rs 583.30 crore in Q2 September 2016 over Q2 September 2015. During the quarter, domestic subscription revenues stood at Rs 467.50 crore while international subscription revenues stood at Rs 115.80 crore.

Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose 36.40% to Rs 489.20 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin stood at 28.9%.

The company launched 5 new channels during the quarter n++ 3 in domestic market and 2 in International market.

Zee Entertainment Enterprises is one of Indias leading television media and entertainment companies.

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Kotak Mahindra Bank gains after strong Q2 results
Oct 25,2016

Meanwhile, the BSE Sensex was down 109.71 points, or 0.39%, to 28,069.37.

On BSE, so far 72,000 shares were traded in the counter, compared with average daily volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 793.65 and a low of Rs 781 so far during the day. The stock hit a record high of Rs 825.60 on 9 September 2016. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 0.96% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.06% as against Sensexs 0.72% rise.

The large-cap private sector bank has equity capital of Rs 918.65 crore. Face value per share is Rs 5.

Kotak Mahindra Banks net profit rose 42.81% to Rs 813.29 crore on 13.46% increase in total income to Rs 5243.58 crore in Q2 September 2016 over Q2 September 2015.

The banks gross non-performing assets (NPAs) stood at Rs 3180.66 crore as on 30 September 2016 as against Rs 3058.81 crore as on 30 June 2016 and Rs 2655.38 crore as on 30 September 2015.

The ratio of gross NPAs to gross advances stood at 2.49% as on 30 September 2016 as against 2.50% as on 30 June 2016 and 2.35% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 1.20% as on 30 September 2016 as against 1.21% as on 30 June 2016 and 1.05% as on 30 September 2015.

The banks provisions and contingencies (excluding tax provisions) rose 12.11% to Rs 197.76 crore in Q2 September 2016 over Q2 September 2015.

Net Interest Income (NII) rose 19% to 1995 crore in Q2 September 2016 over Q2 September 2015. Net Interest Margin (NIM) was reported at 4.47% in Q2 September 2016, up from 4.30% Q2 September 2015. Advances rose 13% to Rs 126015 crore as on 30 September 2016 compared with Rs 111662 crore as on 30 September 2015

Average Savings deposits grew by 35% to 30,678 crore in Q2 September 2016 over Q2 September 2015. Average Current Account deposits grew by 28% to 19,273 crorein Q2 September 2016 over Q2 September 2015. CASA (current and savings account) as on 30 September 2016 stood at 39%. TD Sweep deposits as on 30 September 2016 were 6.4% of the total deposits.

As on 30 September 2016, Kotak Mahindra Bank had a national footprint of 1,336 branches spread across 702 locations and 2,044 ATMs.

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HDFC Bank recovers after announcing good Q2 results
Oct 25,2016

The result was announced during market hours today, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 112.13 points or 0.4% at 28,066.95

On BSE, so far 1.02 lakh shares were traded in the counter as against average daily volume of 94,798 shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 1,265.50 and a low of Rs 1,244.75 so far during the day. The stock had hit a 52-week high of Rs 1,318.20 on 23 September 2016. The stock had hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 3.64% compared with 1.71% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 2.16% as against Sensexs 0.72% rise.

The large-cap bank has equity capital of Rs 509.13 crore. Face value per share is Rs 2.

HDFC Banks net interest income, the difference between interest earned and interest expended, grew by 19.6% to Rs 7993.60 crore in Q2 September 2016 over Q2 September 2015.

HDFC Banks gross non-performing assets (NPAs) stood at Rs 5069.04 crore as on 30 September 2016 compared with Rs 4920.89 crore as on 30 June 2016 and Rs 3827.77 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 1.02% as on 30 September 2016 as against 1.04% as on 30 June 2016 and 0.91% as on 30 September 2015. The ratio of net NPAs to net advances stood at 0.3% as on 30 September 2016 as against 0.32% as on 30 June 2016 and 0.25% as on 30 September 2015.

HDFC Banks total deposits rose 16.7% to Rs 5.91 lakh crore while total advances rose 18.1% to Rs 4.94 lakh crore in Q2 September 2016 over Q2 September 2015.

HDFC Banks provisions and contingencies rose 9.94% to Rs 748.99 crore in Q2 September 2016 over Q2 September 2015.

HDFC Bank is one of the leading private sector banks in India. As of 30 September 2016, the banks distribution network was at 4,548 branches and 12,016 ATMs across 2,596 cities/towns.

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Kotak Mahindra Bank gains after Q2 results
Oct 25,2016

The result was announced during trading hours today, 25 October 2016.

Meanwhile, the BSE Sensex was down 109.71 points, or 0.39%, to 28,069.37.

On BSE, so far 71,000 shares were traded in the counter, compared with average daily volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 793.65 and a low of Rs 781 so far during the day. The stock hit a record high of Rs 825.60 on 9 September 2016. The stock hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 0.96% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.06% as against Sensexs 0.72% rise.

The large-cap private sector bank has equity capital of Rs 918.65 crore. Face value per share is Rs 5.

As on 30 September 2016, Kotak Mahindra Bank had a national footprint of 1,336 branches spread across 702 locations and 2,044 ATMs.

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