Kotak Mahindra Bank Ltd up for third straight session

Kotak Mahindra Bank Ltd gained for a third straight session today. The stock is quoting at Rs 1926.95, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 25867.5. The Sensex is at 84684.03, up 0.17%. Kotak Mahindra Bank Ltd has gained around 6.31% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 5.48% in last one month and is currently quoting at 53793.2, up 0.3% on the day. The volume in the stock stood at 19.82 lakh shares today, compared to the daily average of 48.77 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1928.25, up 1.35% on the day. Kotak Mahindra Bank Ltd is up 7.99% in last one year as compared to a 31.48% jump in NIFTY and a 20.52% jump in the Nifty Bank index.

The PE of the stock is 27.27 based on TTM earnings ending June 24.