Kotak Mahindra Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 2024.45, up 1.57% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 22703.9. The Sensex is at 74809.46, up 0.86%. Kotak Mahindra Bank Ltd has gained around 1.99% in last one month.
Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 1.25% in last one month and is currently quoting at 48354.15, up 1.24% on the day. The volume in the stock stood at 27.74 lakh shares today, compared to the daily average of 39.63 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 2027.2, up 1.66% on the day. Kotak Mahindra Bank Ltd is up 15.71% in last one year as compared to a 4.06% jump in NIFTY and a 5.53% jump in the Nifty Bank index.
The PE of the stock is 27.62 based on TTM earnings ending December 24.