Kotak Mahindra Bank surpasses Maruti Suzuki in market cap to enter top 10 club | Mint
Active Stocks
Fri Feb 23 2024 15:58:13
  1. Tata Steel share price
  2. 145.50 -0.24%
  1. State Bank Of India share price
  2. 759.40 -0.86%
  1. HDFC Bank share price
  2. 1,420.90 0.08%
  1. NTPC share price
  2. 337.70 -0.54%
  1. ITC share price
  2. 411.60 -0.65%
Business News/ Companies / News/  Kotak Mahindra Bank surpasses Maruti Suzuki in market cap to enter top 10 club
BackBack

Kotak Mahindra Bank surpasses Maruti Suzuki in market cap to enter top 10 club

It has also become the country's fourth most valued bank in terms of market capitalisation after HDFC Bank, State Bank of India (SBI) and ICICI Bank

The scrip of Kotak Mahindra Bank settled 0.42% higher at Rs 1,167.50.Premium
The scrip of Kotak Mahindra Bank settled 0.42% higher at Rs 1,167.50.

New Delhi: Private sector lender Kotak Mahindra Bank’s market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country Friday.

It has also become the country’s fourth most valued bank in terms of market capitalisation after HDFC Bank, State Bank of India (SBI) and ICICI Bank.

At the end of trade on the BSE, Kotak Mahindra Bank’s market capitalisation stood at 2,22,656.33 crore, while that of auto major Maruti Suzuki India was at 2,21,486.61 crore.

The scrip of Kotak Mahindra Bank settled 0.42% higher at 1,167.50. In intra-day trade, it touched a high of 1,173 and a low of 1,153. The stock had gained over 2% Thursday.

On the other hand, the stock of Maruti Suzuki fell by 2.02% to end at 7,332.05. It had hit a low and a high of 7,304 and 7,543 during the trading session.

With a valuation of 7,14,668.54 crore, Reliance Industries is the country’s most-valued company in terms of market capitalisation, followed by Tata Consultancy Services at 7,06,292.61 crore.

On Thursday, Dutch financial major ING sold 1.27 crore shares in Kotak Mahindra Bank for a little over 1,440 crore through an open market transaction.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 16 Nov 2018, 07:15 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App