Kotak Mahindra Bank Ltd eases for fifth straight session

Kotak Mahindra Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1788, down 0.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 25153.45. The Sensex is at 82172.16, up 0.47%.Kotak Mahindra Bank Ltd has gained around 0.11% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has eased around 0.42% in last one month and is currently quoting at 51143.85, up 0.27% on the day. The volume in the stock stood at 28.55 lakh shares today, compared to the daily average of 36.52 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1788.35, down 0.19% on the day. Kotak Mahindra Bank Ltd jumped 0.74% in last one year as compared to a 30.01% rally in NIFTY and a 15.94% spurt in the Nifty Bank index.

The PE of the stock is 25.62 based on TTM earnings ending June 24.