Kotak Mahindra Bank rose 2.11% to Rs 772.35 at 15:22 IST on BSE after three bulk deals were executed in the counter.
Meanwhile, the S&P BSE Sensex was up 382.19 points or 1.38% at 28,096.56
A bulk deal of 1.85 lakh shares was executed on the Kotak Mahindra Bank scrip at Rs 759.35 per share at 09:50 IST on BSE. Another bulk deal of 3.50 lakh shares was executed on the scrip at Rs 759 per share at 10:55 IST on BSE. One more bulk deal of 5.02 lakh shares was executed on the scrip at Rs 766.50 per share at 12:34 IST.
Bulk deals boosted volume on the scrip. On BSE, so far 14.42 lakh shares were traded in the counter as against average daily volume of 1.61 lakh shares in the past one quarter. The stock hit a high of Rs 774.80 and a low of Rs 756.40 so far during the day. The stock had hit a record high of Rs 790 on 21 July 2016. The stock had hit a 52-week low of Rs 586.50 on 29 February 2016. The stock had underperformed the market over the past one month till 20 July 2016, advancing 1.58% compared with Sensex's 3.9% rise. The scrip had also underperformed the market in past one quarter, gaining 6.26% as against Sensex's 8.02% rise.
The large-cap bank has equity capital of Rs 918 crore. Face value per share is Rs 5.
Also Read
Kotak Mahindra Bank net profit rose 291% to Rs 741.97 crore on 11.7% growth in total income to Rs 5120.03 crore in Q1 June 2016 over Q1 June 2015.
Kotak Mahindra Bank is one of the leading private sector banks in India.
Powered by Capital Market - Live News
