Kotak Mahindra Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1646.35, down 0.65% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.75% on the day, quoting at 12013.1. The Sensex is at 40750.1, down 1.72%.Kotak Mahindra Bank Ltd has lost around 0.78% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has increased around 0.09% in last one month and is currently quoting at 32069.25, down 2.26% on the day. The volume in the stock stood at 8.63 lakh shares today, compared to the daily average of 22.95 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 1651.7, down 0.6% on the day. Kotak Mahindra Bank Ltd jumped 32.07% in last one year as compared to a 11.52% rally in NIFTY and a 14.8% spurt in the Nifty Bank index.
The PE of the stock is 54.77 based on TTM earnings ending September 19.