Kotak Mahindra Bank jumps up on the bourses

Kotak Mahindra Bank is currently trading at Rs. 1617.95, up by 32.10 points or 2.02% from its previous closing of Rs. 1585.85 on the BSE.

The scrip opened at Rs. 1592.00 and has touched a high and low of Rs. 1624.90 and Rs. 1592.00 respectively. So far 19255 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1682.40 on 26-Sep-2019 and a 52 week low of Rs. 1095.15 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1634.20 and Rs. 1549.55 respectively. The current market cap of the company is Rs. 309137.97 crore.

The promoters holding in the company stood at 29.98%, while Institutions and Non-Institutions held 52.26% and 17.75% respectively.

French carmaker Citroen has entered into partnership with Kotak Mahindra Prime (KMPL), a subsidiary of Kotak Mahindra Bank, to offer auto finance in India. The partnership with KMPL will offer innovative finance solutions and value added products to customers and customised credit solutions to dealers in India, the company, which is a part of the auto conglomerate Groupe PSA.

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.

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