Kotak Mahindra Bank rises on the bourses

17 Jun 2021 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 1762.65, up by 1.95 points or 0.11% from its previous closing of Rs. 1760.70 on the BSE.

The scrip opened at Rs. 1750.10 and has touched a high and low of Rs. 1769.35 and Rs. 1737.05 respectively. So far 87273 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2048.95 on 16-Feb-2021 and a 52 week low of Rs. 1228.15 on 18-Jun-2020.

Last one week high and low of the scrip stood at Rs. 1810.00 and Rs. 1737.05 respectively. The current market cap of the company is Rs. 347710.74 crore.

The promoters holding in the company stood at 26.02%, while Institutions and Non-Institutions held 57.76% and 16.22% respectively.

Kotak Mahindra Bank’s life insurance arm is likely to incur a loss of up to Rs 275 crore for the quarter ended June 2021 due to high fatalities in India during the second wave of COVID-19. Due to increased claims and higher mortality related provisioning arising on account of the second wave, the company is likely to incur a loss for the quarter ended June 2021 in the estimated range of Rs 225-275 crore on shareholder's account. The provisioning going forward will depend on the trends in mortality. The company continues to have a strong capital and solvency position.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Kotak Mahindra Bank Share Price

1785.80 10.15 (0.57%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
HDFC Bank 1448.20
ICICI Bank 1095.75
Axis Bank 1048.30
Indusind Bank 1549.10
Kotak Mahindra Bank 1785.80
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