July 19, 2018 / 9:43 AM / 4 months ago

BUZZ-India's Kotak Mahindra Bank falls most in nearly 9 months on profit miss

** Kotak Mahindra Bank falls as much as 4.6 pct to 1,333.85 rupees, their lowest in more than two weeks

** Stocks posts biggest pct loss since Oct 25, 2017

** India’s second-largest bank by market capitalisation posts smaller-than-expected 12.3 pct rise in Q1 profit on higher provisions for treasury losses; bad loan ratio improves

** Q1 profit 10.25 bln rupees ($148.8 mln) vs analysts’ expectations of 11.67 bln rupees

** More than 5 mln shares traded as of 0930 GMT vs 30-day avg volume of 1.6 mln

** Twenty-five of 33 brokerages rate stock “buy” or higher, 5 “hold” and 3 “sell” or lower; median PT is 1,369.50 rupees, according to Thomson Reuters data

** Stock has risen 38.4 pct this year as of last close, compared with a 5.5 pct gain in the Nifty Bank index

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