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Kotak Mahindra Bank trades higher on the bourses

28 Aug 2013 Evaluate

Kotak Mahindra Bank is currently trading at Rs 618.65, up by 5.85 points or 0.95% from its previous closing of Rs 612.80 on the BSE.

The scrip opened at Rs 602.00 and has touched a high and low of Rs 625.95 and Rs 588.00 respectively. So far 67510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 804.00 on 30-May-2013 and a 52 week low of Rs 561.20 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs 671.90 and Rs 601.20 respectively. The current market cap of the company is Rs 46425.65 crore.

The promoters holding in the company stood at 43.75% while Institutions and Non-Institutions held 33.40% and 22.61% respectively.

Private sector lender, Kotak Mahindra Bank has unveiled ‘Kotak Junior’, a specially designed savings bank account for children in Chhattisgarh. This new account has been aimed to encourage children in the age group of 0-18 to save money smartly. The bank has also launched a 10-year Recurring Deposit to provide a long term financial savings programme for children.

Currently, the bank has six branches in Kerala and planning to open more branches in the State in the near future. Child customers above 10 years could option for debit cards, but there would be a ceiling of Rs 5,000 on withdrawals.

The bank has reported 42.61% rise in its net profit at Rs 402.82 crore for the quarter as compared to Rs 282.45 crore for the same quarter in the previous year. Total income of the bank has increased by 28.95% at Rs 2652.40 crore for quarter under review as compared to Rs 2056.98 crore for the quarter ended June 30, 2012.

Kotak Mahindra Bank Share Price

383.50 4.10 (1.08%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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