Kotak Mahindra Bank Limited has seen its market capitalization drop by approximately ₹19,720 crore as the stock plummeted 5.68% to ₹1,764.75 as of 10:30 AM today. The significant decline comes amidst broader market pressures and recent quarterly earnings that fell short of expectations.
Stock Price and Market Impact:
- Previous Close: ₹1,871.05
- Open: ₹1,850.00
- High: ₹1,855.00
- Low: ₹1,759.25
- Current Price: ₹1,764.75 (down ₹106.30 or -5.68%)
Following this significant drop, Kotak Mahindra Bank’s total market capitalization now stands at ₹3,50,853.48 crore, reflecting a major loss in value. The free-float market cap is now ₹2,58,452.87 crore.
Trading Information:
- Traded Volume: 29.88 lakh shares
- Traded Value: ₹537.18 crore
- % Deliverable / Traded Quantity: 48.15%
MCAP Impact:
The sharp decline in Kotak Mahindra Bank’s stock price has wiped off ₹19,720 crore from its total market capitalization, as investors react to the weaker-than-expected earnings report and concerns over future growth.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult a financial advisor before making any investment decisions.
