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Kotak Mahindra Bank Q3 review: Should you buy, sell or hold the stock? Kotak Mahindra Bank, on Monday, reported a jump of 23% year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. Analysts largely remain positive on Kotak Mahindra Bank’s Q3 performance, but believe that its subsidiaries show was a key negative. They remain upbeat on the banking business. Kotak Mahindra Bank, on Monday, reported a jump of 23 percent year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. The net interest income (NII), the difference between interest earned and expended, grew 23 percent YoY at Rs 2,939 crore from Rs 2,394 crore last year. The net interest margin rose to 4.33 percent from 4.20 percent in the previous quarter. On the asset quality front, gross non-performi

Nifty reclaims 10,700 mark; Tata Motors among top gainers Value benchmark lists opened higher on Friday, with the Nifty exchanging over 10,700. The Sensex was up 116 points at 35,630, while the Nifty rose 37 at 10,709. The market broadness was sure with 985 offers progressing, 505 offers declining, and 539 staying unaltered. On the sectoral front, autos, banks, and foundation stocks are exchanging the green, while the IT record is in the negative zone. The rupee opened higher by 24 paise at 69.96/$ in the midst of blended Asian prompts and a decrease in unrefined petroleum costs. Offers of GM Breweries are down over 10% after the organization discharged its Q3 results. Goodbye Motors increased 3.5% subsequent to posting 24% higher JLR US deals for the period of December, according to media reports. Goodbye Motors, Infratel, Indiabulls HF, Bharti Airtel, and NTPC were the best gainers on the Nifty50, while ICICI Bank, HCL Tech, TCS, RIL, and Cipla were exchanging the re