Results▲ Bullish for Kotak
Kotak, Axis and IndusInd rise on Q2 updates; IDFC First falls 3%
The brief
- Kotak Mahindra Bank, Axis Bank and IndusInd Bank shares rose on positive business updates
- IDFC First Bank shares fell 3%
- Deposit and loan trends shape near-term earnings outlook for the named private banks
- Indian banks' Q2FY27 earnings seen rising 11%; FCNR deposits may weigh on margins: Kotak
- Defence stock gets an upgrade from Kotak but execution risks temper return expectations
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices