Kotak Mahindra Bank, one of the leading private sector lenders, witnessed a rise in share price on Thursday after the bank has posted a 31.99% higher in standalone net profit of Rs. 6.96 billion for the quarter ended Mar. 31, 2016 compared with Rs. 5.27 billion for the same period last year.

Total income of the bank increased 28.16% to Rs. 79.10 billion for the quarter ended Mar. 31, 2016 as against Rs. 61.72 million for the prior year period.

Shares of Kotak Mahindra Bank are trading at Rs 742.05, up Rs 10.9, or 1.49% at the Bombay Stock Exchange (BSE) on Thursday at 10:01 a.m.

The scrip has touched an intra-day high of Rs 744 and low of Rs 731.90. The total volume of shares traded at the BSE is 33,887.