Kotak Mahindra Bank share price settles at ₹405; September 24 price update

Key Takeaways

• Kotak Mahindra Bank closed at ₹405 after a 2% decline, trading between ₹404 and ₹410 on volume of 13,847,887 shares.
• The closing price was almost identical to its moving averages: ₹0.60 below the 50-day DMA and about ₹5 above the 100-day and 200-day averages.
• The six-month return stood at 13.59%, while the one-year reading remained slightly negative at -1.11%.

Kotak Mahindra Bank share price closed September 24 at ₹405, down ₹8.25 or 2% from the previous close of ₹413. It opened at ₹407, reached ₹410 and fell to ₹404. The high-low range was only ₹6. The closing price finished ₹1 above the low, ₹5 below the high and ₹2 below the opening price.

Volume reached 13,847,887 shares. Market capitalisation stood at ₹402,889 crore. The session’s relatively narrow price band contrasted with the sizeable trading volume, while the close also landed unusually near each of the three displayed moving-average levels.

The 50-day DMA was ₹405.60, only ₹0.60 above the closing price. The 100-day DMA stood at ₹400.20, leaving Kotak Mahindra Bank ₹4.80 above it. The 200-day DMA was ₹399.70, a gap of ₹5.30 below the close. Only ₹5.90 separated the highest and lowest of these three averages.

Across 52 weeks, the stock’s low stood at ₹346 and the high at ₹453. The ₹405 close was ₹59 above the lower marker and ₹48 below the annual high. The full price span measured ₹107, compared with just ₹6 for September 24.

Return readings were 0.55% for one month, 0.83% for three months, 13.59% for six months and -1.11% for one year. Six months was the strongest period by a wide margin, while the one-year figure was the only negative reading. The gap between those two figures was 14.70 percentage points.

Few Nifty 50 names in the batch closed as close to all three moving averages. ₹0.60 separated Kotak Mahindra Bank from the 50-day DMA, while the 100-day and 200-day averages were only ₹4.80 and ₹5.30 below. The session range itself was similarly compressed, with just ₹6 separating the day’s high and low.