Kotak Bank traded with volumes of 95,73,056 shares on the BSE, compared to its five day average of 1,43,216 shares, an increase of 6,584.37 percent.
More than 90 lakh equity shares of Kotak Mahindra Bank exchanged hands via multiple block deals, reports CNBC-TV18.
The stock closed at Rs 1,655.45, down Rs 15.75, or 0.94 percent on the BSE.
About 90.4 lakh shares of country's third-largest lender (by market capitalisation) changed hands via three block deals at an average price of Rs 1,648.25 per share, reports CNBC-TV18.
These block deals were worth Rs 1,490 crore, the report said.
Kotak Bank traded with volumes of 95,73,056 shares on the BSE, compared to its five day average of 1,43,216 shares, an increase of 6,584.37 percent.Its market capitalisation stood at Rs 3,16,305.12 crore. The stock gained more than 30 percent in the last one year.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.