Kotak Mahindra Bank Ltd spurts 2.23%

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Kotak Mahindra Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 1364, up 2.23% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.24% on the day, quoting at 11239.1. The Sensex is at 38168.51, up 1.34%. Kotak Mahindra Bank Ltd has dropped around 0.31% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has dropped around 3.49% in last one month and is currently quoting at 21509.95, up 1.53% on the day. The volume in the stock stood at 20.62 lakh shares today, compared to the daily average of 42.42 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1359.8, up 2.02% on the day. Kotak Mahindra Bank Ltd is down 7.61% in last one year as compared to a 3.53% spurt in NIFTY and a 21.16% spurt in the Nifty Bank index.

The PE of the stock is 45.26 based on TTM earnings ending June 20.

Source: Capitalmarket.com