Kotak Mahindra Bank is currently trading at Rs. 829.35, up by 4.45 points or 0.54% from its previous closing of Rs. 824.90 on the BSE.
The scrip opened at Rs. 833.05 and has touched a high and low of Rs. 838.95 and Rs. 826.60 respectively. So far 1,26,075 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 839.75 on 08-Mar-2017 and a 52 week low of Rs. 631.50 on 15-Mar-2016.
Last one week high and low of the scrip stood at Rs. 839.75 and Rs. 810.00 respectively. The current market cap of the company is Rs. 1,52,589.00 crore.
The promoters holding in the company stood at 33.61%, while Institutions and Non-Institutions held 45.31% and 21.08% respectively.
Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 40% to 42% of the paid up capital of Kotak Mahindra Bank, under the Portfolio Investment Scheme (PIS). Kotak Mahindra Bank has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the limit from 40% to 42% of the paid up capital of the bank.
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.