Kotak Mahindra Bank Share Price Rises 2% to Rs 414.90 as Private Banks Lead Wednesday’s Market Recovery

September 30, 2026
Posted by: Ankit Jaiswal
Category: News

Kotak Mahindra Bank Rs 413.90, up 1.95% (30 Sep, 11:26 AM). Day high Rs 414.90. 52-week range Rs 345.50 to Rs 453.20. P/B 2.23. M-cap about Rs 4,03,875 crore.

Quick Answer

Kotak Mahindra Bank share price rose as much as 2.19% to Rs 414.90 on 30 September 2026, outperforming the flat Nifty 50 as banking stocks led a market recovery. Bank Nifty and the Nifty Private Bank index were both up about 0.8% at the time. The stock still trades about 8.7% below its 52-week high of Rs 453.20. No company-specific announcement was reported by late morning, so the move reflects sector buying.

Kotak Mahindra Bank share price was one of the better performers among large banks on Wednesday. The stock opened at Rs 406.10, climbed to an intraday high of Rs 414.90, and was trading at Rs 413.90 around 11:26 AM, up 1.95% from the previous close of Rs 406 on the NSE.

Volumes backed the move in Kotak Mahindra Bank share price, with more than 1.04 crore shares traded on the NSE by late morning. The gain came while the Nifty 50 was broadly flat, making Kotak one of the stronger large-cap contributors on the day.

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Table of Contents

Why Is Kotak Mahindra Bank Share Price Rising Today?

Kotak Mahindra Bank share price is rising as private bank stocks recover after a heavy sell-off earlier in the week. Bank Nifty was up 0.82% at 54,707.25 and the Nifty Private Bank index gained 0.83% around 11 AM, as softer crude oil prices and firmer Asian markets improved sentiment.

On Monday, 28 September, banking stocks fell sharply as the 10-year bond yield rose to 7.12% and fears of an RBI rate hike in October grew. Kotak traded near Rs 398 that day. Wednesday’s move takes Kotak Mahindra Bank share price back above Rs 410, a sign that buyers stepped in at lower levels. No fresh filing from the bank had been reported by 11:30 AM.

Kotak Mahindra Bank Stock Snapshot

Here is where Kotak Mahindra Bank share price and key ratios stood around 11:26 AM on 30 September 2026, based on exchange data.

Metric	Value
Stock	Kotak Mahindra Bank
Current price	Rs 413.90
Day’s high	Rs 414.90
Previous close	Rs 406.00
52-week high	Rs 453.20
52-week low	Rs 345.50
Market capitalisation	About Rs 4,03,875 crore
P/E (TTM)	19.90
P/B ratio	2.23
ROE	11.06%
Face value	Rs 1

The bank’s shares now trade around Rs 400 because of a stock split that reduced the face value from Rs 5 to Rs 1, turning each share into five. Older price references above Rs 2,000 are from before the split.

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How Kotak Mahindra Bank Stock Is Valued

Kotak Mahindra Bank stock trades at about 2.23 times book value and 19.9 times trailing earnings. That is a premium to the broader banking industry P/E of about 11.84, reflecting Kotak’s strong capital position and long record of conservative lending.

Return on equity of about 11% is lower than some large private peers, partly because the bank holds a large capital cushion. For long-term investors, the key question is whether growth in loans and deposits can lift returns without hurting asset quality.

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Key Levels and What to Watch

For Kotak Mahindra Bank share price, the day’s high of Rs 414.90 is the immediate hurdle, and a sustained move above it could open the way toward the Rs 453.20 52-week high over time. On the downside, the Rs 398 to Rs 400 zone, where the stock traded on Monday, is the nearest support.

The October RBI policy decision and September quarter results are the next major triggers. Investors will watch net interest margins, deposit growth and credit costs closely.

Key Risks

Rate cycle: A rate hike could raise deposit costs faster than loan yields, pressuring margins.
Deposit competition: Banks are competing hard for deposits, which can limit profitability.
Valuation premium: Kotak trades above the industry P/E, leaving less room for disappointment.
Macro risk: High crude oil prices and a weak monsoon could hurt loan demand and asset quality.

Bottom Line on Kotak Mahindra Bank Share Price

Kotak Mahindra Bank share price gained 2% to Rs 414.90 as private banks led Wednesday’s recovery, reclaiming ground lost earlier in the week. The stock remains about 8.7% below its 52-week high, and the RBI’s October policy plus quarterly results will shape the next leg. Consult a SEBI-registered advisor before acting on short-term moves.

Disclaimer: Data and figures in this article are sourced from publicly available information and reflect intraday levels at the time of writing. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Kotak Mahindra Bank Share Price

Why is Kotak Mahindra Bank share price rising today?

Ans. Kotak Mahindra Bank share price rose as much as 2.19% to Rs 414.90 on 30 September 2026 as banking stocks led a market recovery. Bank Nifty and the Nifty Private Bank index were both up about 0.8% around 11:30 AM.

What is the 52-week high and low of Kotak Mahindra Bank share price?

Ans. Kotak Mahindra Bank has a 52-week high of Rs 453.20 and a 52-week low of Rs 345.50, based on post-split prices. The stock traded near Rs 414 on 30 September 2026.

Why is Kotak Bank share price around Rs 400 now?

Ans. Kotak Mahindra Bank split each share of face value Rs 5 into five shares of face value Rs 1. That is why the share price now trades around Rs 400 instead of above Rs 2,000 before the split.

What is the P/E and P/B of Kotak Mahindra Bank?

Ans. Kotak Mahindra Bank trades at about 19.9 times trailing earnings and 2.23 times book value, based on exchange data on 30 September 2026.

What is the market cap of Kotak Mahindra Bank?

Ans. Kotak Mahindra Bank has a market capitalisation of about Rs 4,03,875 crore, making it one of India’s largest private sector banks.

Should I buy Kotak Mahindra Bank shares now?

Ans. Kotak has a strong capital base and a large deposit franchise, but rate hike risk and competition for deposits could weigh on margins. Consult a SEBI-registered advisor before investing.

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.