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Kotak Mahindra Bank Ltd spurts 2.1%, rises for third straight session Back
(13:05, 12 Nov 2018)

Kotak Mahindra Bank Ltd rose for a third straight session today. The stock is quoting at Rs 1159.35, up 2.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 10579.6. The Sensex is at 35127.19, down 0.09%. Kotak Mahindra Bank Ltd has dropped around 0.95% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has dropped around 1.36% in last one month and is currently quoting at 25771, down 0.15% on the day. The volume in the stock stood at 11.25 lakh shares today, compared to the daily average of 28.82 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1157.5, up 1.54% on the day. Kotak Mahindra Bank Ltd is up 16.55% in last one year as compared to a 3.47% gain in NIFTY and a 1.47% gain in the Nifty Bank index.

The PE of the stock is 49.95 based on TTM earnings ending September 18.

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