PRE-MARKET INDIAN STOCKS NEWS: Kotak Mahindra Bank (KMB IS) Q3 net advances rose 16% to INR 4.8tln

Kotak Mahindra Bank's Q3 results showing a 16% rise in net advances signals robust growth amid a competitive banking environment.

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PRE-MARKET INDIAN STOCKS NEWS: Kotak Mahindra Bank (KMB IS) Q3 net advances rose 16% to INR 4.8tln

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Adani Ports (ADSEZ IS) - Co. December cargo handled volumes rose 9% Y/Y to 41.9mln metric tonnes. (Moneycontrol)

Axis Bank (AXSB IS) - Co. Q3 gross advances rose 14.1% Y/Y to INR 11.7tln, total deposits rose 15% Y/Y to INR 12.6tln. (Moneycontrol)

IndusInd Bank (IIB IS) - Co. Q3 net advances fell 13.1% Y/Y to INR 3.18tln. (Moneycontrol)

Kotak Mahindra Bank (KMB IS) - Co. Q3 net advances rose 16% to INR 4.8tln. (Moneycontrol)

MOIL (MOIL IS) - Co. Q3 manganese ore output rose 3.7% Y/Y to a record 477k tonnes. (Moneycontrol)

Oil and Natural Gas Corporation (ONGC IS) - Co. entered into a strategic partnership with Japanese shipping major Mitsui OSK Lines (9104 JT) to strengthen its presence in specialised energy transportation. (ET)

Tata Motors Passenger Vehicles (TMPV IS) - Co. JLR Q3FY26 wholesales fell 43% Y/Y to 59.2k units, while retail sales fell25% Y/Y to 79.6k units. (NDTV Profit)

Context

This performance not only outpaces many of its peers but also suggests strong loan demand, which could be bullish for the stock and reflects positively on overall market sentiment, especially in the banking sector.

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