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Kotak Bank and Trent Surge on Strong Business Updates and Q2 Revenue Growth
M
Moneycontrol•06-10-2026, 09:45
Kotak Bank and Trent Surge on Strong Business Updates and Q2 Revenue Growth
- •Kotak Mahindra Bank shares jumped 3.5 percent following a 24.7 percent year-on-year increase in Q2 net advances to Rs 5.77 lakh crore.
- •IndusInd Bank shares rose 1.6 percent as Q2 net advances grew 11.2 percent and deposits increased by 10.1 percent.
- •Sterlite Technologies gained 3 percent after Nomura initiated a Buy rating with a target price of Rs 1,350 per share.
- •Trent shares surged 11 percent after reporting a 23 percent increase in Q2 standalone revenue to Rs 5,788 crore while expanding its store portfolio.
- •Broader markets traded higher with the Nifty Midcap index rising 0.4 percent and the Nifty Smallcap index gaining 0.8 percent.
Key Questions Answered
Kotak Mahindra Bank shares jumped 3.5% after reporting that Q2 net advances grew 24.7% year-on-year to Rs 5.77 lakh crore and total deposits increased 23.2% to Rs 6.51 lakh crore.
Trent shares surged 11% following a 23% year-on-year increase in Q2 standalone revenue to Rs 5,788 crore and the expansion of its retail portfolio to 1,342 stores by September 2026.
Nomura initiated a Buy rating on Sterlite Technologies with a target price of Rs 1,350 per share, driven by expectations of strong industry tailwinds and robust OFC demand.
