Kotak Mahindra Bank trades higher on the BSE

Kotak Mahindra Bank is currently trading at Rs. 1904.00, up by 12.05 points or 0.64% from its previous closing of Rs. 1891.95 on the BSE.

The scrip opened at Rs. 1891.95 and has touched a high and low of Rs. 1924.70 and Rs. 1884.45 respectively. So far 85893 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1627.25 on 30-Jul-2021.

Last one week high and low of the scrip stood at Rs. 1927.65 and Rs. 1790.05 respectively. The current market cap of the company is Rs. 375800.12 crore.

The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 57.87% and 16.13% respectively.

Kotak Mahindra Bank’s subsidiary company — Kotak Life Insurance is planning to raise term insurance premiums rates and to file a new product with insurance regulator IRDAI. Insurers and reinsurers have been affected globally due to the pandemic and this has caused a realignment of underwriting norms and pricing of products.

The company’s total new business premium grew 37 per cent to Rs 3,376 crore in April-November 2021. Its individual business renewal premium registered a growth of 20 per cent to Rs 3,002 crore in the same period.

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.

Source link

Leave a Reply