Kotak Mahindra Bank Ltd rises for third straight session

Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 390.75, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23783.6. The Sensex is at 75701.49, up 0.4%. Kotak Mahindra Bank Ltd has gained around 3.06% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 3.38% in last one month and is currently quoting at 54128.95, up 0.12% on the day. The volume in the stock stood at 109.48 lakh shares today, compared to the daily average of 200.31 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 390.8, up 1.88% on the day. Kotak Mahindra Bank Ltd is down 7.33% in last one year as compared to a 4.94% slide in NIFTY and a 2.1% slide in the Nifty Bank index.

The PE of the stock is 27.21 based on TTM earnings ending March 26.

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