Kotak Mahindra Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1708.25, down 0.76% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78030.88, down 0.82%.Kotak Mahindra Bank Ltd has eased around 10.6% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has eased around 2.17% in last one month and is currently quoting at 51157.8, down 0.9% on the day. The volume in the stock stood at 13.51 lakh shares today, compared to the daily average of 38.43 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 1708.2, down 0.91% on the day. Kotak Mahindra Bank Ltd tumbled 3.46% in last one year as compared to a 20.25% rally in NIFTY and a 14.69% spurt in the Nifty Bank index.
The PE of the stock is 24.35 based on TTM earnings ending September 24.