Kotak Mahindra Bank Ltd. up by 6.51% | Espresso Shot of the Day

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Espresso shot of the day – Kotak Mahindra Bank Ltd. up by 6.51 percent

October 21, 2021
Espresso shot of the day – Kotak Mahindra Bank Ltd. up by 6.51 percent

KOTAK MAHINDRA BANK LTD. 2145.65 (+6.51%) BSE – INE237A0128 | 21ST OCTOBER 2021

From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today, it’s been quite a journey. Here are some of the biggest milestones they've crossed along the way.

Recent Drivers

  • On Oct 12, 2021, to deliver essential banking services conveniently to a larger section of consumers living in relatively far-off areas, Kotak Mahindra Bank Ltd announced the launch of Micro ATMs across the country.
  • On Oct 05, 2021, Kotak Mahindra Bank Ltd (KMBL) received approval from the government for collection of direct and indirect taxes, such as income tax, Goods and Services Tax (GST) etc., through its banking network. With this, the bank became the first scheduled private sector bank to receive approval after the announcement by Finance Minister Nirmala Sitharaman allowing all banks to participate in government-related business.
  • On Oct 01, 2021, Kotak Mahindra Bank Ltd said it has gone live with the launch of the National Pension System (NPS) on mobile and customers can now open and operate their NPS accounts through the bank’s mobile banking platform.
  • On Sep 20, 2021, Kotak Mahindra Bank said it will acquire a nearly 10% stake in KFin Technologies after investing Rs 310 crores.
  • On Jul 26, 2021, Kotak Mahindra Bank reported quarterly net profit at Rs. 1,806.09 crores in June 2021.
  • On Jul 26, 2021, Kotak Mahindra Bank reported a Net Interest Income (NII) at Rs 5,192.10 crores in June 2021.
 (Sources: Livemint, The Economic Times, Moneycontrol, )


Technical Force*

  • S&P BSE Sensex month till date gain up by 3.04%
  • Traded on All Time High Value 2155.00
  • 3 months avg. volume of BSE: 2,62,666
  • Quantity traded: 1,68,274 | Deliverable quantity: 44,322 (26.34%)
  • Stock price has jumped more than 55 % from one-year low level: 1,347.75 (Oct 26, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2,155.00 | 52-week-low: 1,347.75

     

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 3374.05

2700.30

2347.85

1674.10

1321.65

647.90

295.45

    -

Fibonacci Pivot

2700.30

2308.29

2066.11

1910.13

1674.10

1438.07

1282.09

1039.91

647.90


Today’s Close

2145.65

SMA

BSE

10 DAY

2008.87

20 DAY

2010.08

50 DAY

1887.93

200 DAY

1827.96


Some Key Ratios (Source: BSE)

Market Cap: 4,25,501.21 crores

PE: 57.79

OPM%: NA

ROE%: 11.55

Promoters holding%: 26

Prev. Close: 2014.50

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.