Kotak Mahindra Bank Ltd soars 1.65%

Kotak Mahindra Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 2097.3, up 1.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 24825.3. The Sensex is at 80967.53, down 0.02%. Kotak Mahindra Bank Ltd has risen around 7.57% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has risen around 2.7% in last one month and is currently quoting at 55347.95, up 0.34% on the day. The volume in the stock stood at 28.9 lakh shares today, compared to the daily average of 39.03 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 2100.3, up 1.38% on the day. Kotak Mahindra Bank Ltd is up 15.94% in last one year as compared to a 0.76% drop in NIFTY and a 7.92% drop in the Nifty Bank index.

The PE of the stock is 30.43 based on TTM earnings ending June 25.

Powered by Capital Market - Live News