Private Banks- Area of Strength

Private Banks- Area of Strength

ICICI Bank last traded price 899 ; HDFC Bank last traded price 1692 and Kotak Bank last traded price 1869 are showing signs of strength .

ICICI Bank last traded price 899 ; HDFC Bank last traded price 1692 and Kotak Bank last traded price 1869  are showing signs of strength . 

HDFC Bank on Saturday reported nearly 20% year on year rise in net profit for the quarter end March to Rs. 12.047 crore

https://economictimes.indiatimes.com/markets/stocks/earnings/hdfc-bank-q4-results-pat-rises-20-yoy-dividend-of-rs-19/share-announced/articleshow/99512949.cms?from=mdr

Motilal Oswal on the other hand have come out with its fourth quarter earning report for banking and financial sector. It expects Icici bank to report net profit at Rs. 9155 crore up 30% year on year. ICICI Bank is likely to announce its result on April 22.

Kotak Mahindra Bank has submitted expression of interest for idbi bank to RBI. Kotak Bank is also expected to get boost in passive inflows to the stock to the tune of 690 million $ as MSCI in its May review increases weight for KMB from its current 1.38% to 2.68%

https://www.livemint.com/market/stock-market-news/why-kotak-mahindra-bank-share-price-is-skyrocketing-today-explained-11681199577463.html

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