Kotak Mahindra Bank Ltd spurts 3.51%, rises for fifth straight session

Kotak Mahindra Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 375.7, up 3.51% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 3.46% on the day, quoting at 23923.45. The Sensex is at 77391.97, up 3.72%. Kotak Mahindra Bank Ltd has slipped around 2.76% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has slipped around 1.23% in last one month and is currently quoting at 52716.25, up 4.96% on the day. The volume in the stock stood at 173 lakh shares today, compared to the daily average of 239.45 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 377.55, up 3.79% on the day. Kotak Mahindra Bank Ltd is down 8.49% in last one year as compared to a 6.81% spurt in NIFTY and a 10.13% spurt in the Nifty Bank index.

The PE of the stock is 26.65 based on TTM earnings ending December 25.