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Kotak Mahindra Bank Ltd down for fifth straight session As on : 20-Dec-24  13:35

Kotak Mahindra Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 1749.5, down 0.72% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.Kotak Mahindra Bank Ltd has added around 0.71% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has increased around 1.52% in last one month and is currently quoting at 51575.7, down 0.85% on the day. The volume in the stock stood at 13.44 lakh shares today, compared to the daily average of 35.43 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 1752.6, down 0.8% on the day. Kotak Mahindra Bank Ltd tumbled 5.57% in last one year as compared to a 11.64% rally in NIFTY and a 6.89% spurt in the Nifty Bank index.

The PE of the stock is 24.93 based on TTM earnings ending September 24.

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