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Kotak Mahindra Bank Ltd stays supported

Kotak Mahindra Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1371.35, up 2.12% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 10114.7. The Sensex is at 34276.99, up 1.33%. Kotak Mahindra Bank Ltd has gained around 7.32% in last one month.

Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 7.21% in last one month and is currently quoting at 20530.2, up 3.1% on the day. The volume in the stock stood at 64.65 lakh shares today, compared to the daily average of 71.32 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 1360.15, up 2.09% on the day. Kotak Mahindra Bank Ltd is down 10.45% in last one year as compared to a 15.86% slide in NIFTY and a 32.99% slide in the Nifty Bank index.

The PE of the stock is 43.22 based on TTM earnings ending March 20.