Kotak Mahindra Bank Ltd spurts 0.26%, gains for five straight sessions

Kotak Mahindra Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 404.35, up 0.26% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.23% on the day, quoting at 23912.85. The Sensex is at 76447.04, up 1.22%. Kotak Mahindra Bank Ltd has added around 3.2% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has added around 7.1% in last one month and is currently quoting at 56814.8, up 0.92% on the day. The volume in the stock stood at 62.95 lakh shares today, compared to the daily average of 157.53 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 404.6, up 0.06% on the day. Kotak Mahindra Bank Ltd is down 5.48% in last one year as compared to a 4.14% fall in NIFTY and a 2.49% fall in the Nifty Bank index.

The PE of the stock is 28.65 based on TTM earnings ending March 26.

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