Kotak Mahindra Bank Ltd Share Price – NSE  /  BSE

Banks, Large Cap

Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1767.25, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 23544.3. The Sensex is at 77393.26, up 0.07%. Kotak Mahindra Bank Ltd has risen around 4.06% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has risen around 7.44% in last one month and is currently quoting at 51398.05, up 0.43% on the day. The volume in the stock stood at 64.17 lakh shares today, compared to the daily average of 68.14 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 1768.9, up 1.06% on the day. Kotak Mahindra Bank Ltd is down 4.24% in last one year as compared to a 24.86% spurt in NIFTY and a 17.7% spurt in the Nifty Bank index.

The PE of the stock is 25.22 based on TTM earnings ending March 24.

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Kotak Mahindra Bank announced that the Reserve Bank of India has approved the proposed acquisition of 70% stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company. The transaction will be a combination of primary and secondary acquisitions, for a total consideration of approximately Rs. 5,560 crore. All regulatory approvals required for the transaction have now been received and the transaction will be completed upon fulfilment of other conditions precedent.

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Kotak Mahindra Bank has allotted 20,116 equity shares under ESOP on 31 May 2024.

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Kotak Mahindra Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 1693.05, up 1.26% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 22474.35. The Sensex is at 73945.21, up 0.38%. Kotak Mahindra Bank Ltd has dropped around 5.24% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has dropped around 2.16% in last one month and is currently quoting at 47977.05, up 0.23% on the day. The volume in the stock stood at 40.11 lakh shares today, compared to the daily average of 132.09 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 1695.95, up 1.24% on the day. Kotak Mahindra Bank Ltd is down 12.16% in last one year as compared to a 23.96% gain in NIFTY and a 9.91% gain in the Nifty Bank index.

The PE of the stock is 24.12 based on TTM earnings ending March 24.

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