Kotak Mahindra Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1786.6, down 0.43% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 14072.2. The Sensex is at 47747.55, down 1.24%.Kotak Mahindra Bank Ltd has lost around 10.17% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has eased around 0.61% in last one month and is currently quoting at 31198.4, down 1.62% on the day. The volume in the stock stood at 54.38 lakh shares today, compared to the daily average of 38.36 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 1781.1, down 1.09% on the day. Kotak Mahindra Bank Ltd jumped 9.87% in last one year as compared to a 16.73% rally in NIFTY and a 0.23% fall in the Nifty Bank index.
The PE of the stock is 54.3 based on TTM earnings ending December 20.
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