Kotak Mahindra Bank share price closes at ₹416.50; gains 0.36% on September 17

Key Takeaways

• Kotak Mahindra Bank gained 0.36% to ₹416.50 and finished just ₹1.50 below the session high of ₹418.
• Volume reached almost 11.70 million shares even though the displayed high-low range measured only ₹5.
• The close remained above all three cited moving averages and was ₹36.50 below the 52-week high of ₹453.

A narrow ₹5 displayed range accompanied relatively heavy volume in Kotak Mahindra Bank on September 17. The stock moved between ₹413 and ₹418 while 11,699,573 shares changed hands. Kotak Mahindra Bank share price eventually closed at ₹416.50, up ₹1.50 or 0.36%. It had opened at ₹415, matching the rounded previous close.

The closing price sat near the upper end of the day's band. It was ₹3.50 above the low and only ₹1.50 below the high. Market capitalisation stood at ₹4,14,320 crore. Across 52 weeks, Kotak Mahindra Bank had traded between ₹346 and ₹453. The latest close was ₹70.50 above the annual low and ₹36.50 below the high.

Unlike several other banking names in the verified set, Kotak Mahindra Bank closed above each of its displayed moving averages. The 50-day DMA was ₹403.80, leaving the stock ₹12.70 higher. The 100-day DMA stood at ₹398.70 and the 200-day DMA at ₹399, both around ₹18 below the September 17 closing price.

Recent returns were positive across all four periods. One-month performance stood at 6.48%, followed by 2.12% over three months. The six-month return was 12.61%, while the one-year reading was 3.01%. The six-month figure was the strongest of the four displayed windows.

September 17 itself did not involve a large percentage move. From ₹415 at the open, the stock moved only ₹3 higher at most and ₹2 lower at its weakest displayed point. It retained most of that modest advance by closing at ₹416.50. The final price remained above the 50-day, 100-day and 200-day averages and less than ₹40 below the 52-week high. The volume figure of nearly 11.7 million shares, paired with the compact ₹5 price range, was the session's most distinctive combination of data.