Adani Green Energy's shares increased by 5% after it reported more than a four-fold rise in consolidated net profit in Q4 of FY22 compared to the previous year. The company's revenues also increased by 58% YoY to 14,880 mn units in FY23, supported by strong capacity addition and deployment of latest renewable technologies. In contrast, on a year-to-date basis, the stock has fallen by 47%, while in the past year it has declined by 65%. The average target price of the stock is Rs 360, indicating 64% downside from current market prices.

A total of 10,066 shares changed hands on the counter till 10:20AM (IST).

CLSA has initiated an outperform rating on Kotak Mahindra Bank and a buy rating on UltraTech Cement, while Jefferies has maintained its buy rating on Indian Hotels post Q4 results. CLSA downgraded Kotak Mahindra Bank to outperform post-March quarter results and UltraTech Cement to underperform with a target price of Rs 2150 and Rs 7900, respectively. Jefferies sees an incremental demand driver for FY24 and Motilal Oswal maintained its buy rating post-March quarter results.

The 30-share BSE Sensex was up 331.73 points at 61444.17

A total of 113,373 shares changed hands on the counter till 10:15AM (IST).

Hero MotoCorp, Tata Motors, UltraTech Cem., Kotak Bank and Adani Ports SEZ were among the top losers on NSE.

​Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 385004.60 Crore).​

The stock quoted a 52-week high price of Rs 419.55 and a 52-week low of Rs 206.1.

Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid global banking turmoil, geopolitical uncertainty and volatile markets as a major factor behind growth. DBS also said that a threatened interest rate rise cycle's impact on margins led it to expect a gradual decline. DBS' report follows strong results and a more than tripling of quarterly profit from regional rival HSBC and smaller Singaporean peer United Overseas Bank.