Today, on 24th March 2025, Kotak Mahindra Bank or Kotak Mahindra Share Price experienced a surge of 3% in their shares since the opening bell. The Bank recorded the surge after changing its leadership by appointing Bhavnish Lathia as CTO.
The 3% hike fell in the range of the Bank’s 52-week high. On Saturday, after a board meeting, the Bank revealed that Bhavnish Lathia was appointed as the new Chief Technology Officer (CTO) and Vyomesh Kapasi as a member of the Group Management Council. Their positions have been in effect from 22nd March.
During the meeting, the board also appointed six officials for Senior Management Personnel:
Pranav Mishra – Head of Consumer Bank Distribution; SK Honnesh – Group General Counsel; Rohit Bhasin – Chief Marketing Officer; Anupam Kaura – Chief Human Resources Officer; Phani Shankar – Chief Credit Officer; and Rajiv Mohan – Treasure
Today, Kotak Mahindra Bank’s shares opened to the market at Rs. 2,100.00 and are currently up by 2.8% compared to the opening bell rates and by 3.8% compared to the previous close of 2,079.00.
Kotak Mahindra Bank Share Price in Today’s Market
At 11:15 a.m., Kotak Mahindra traded their shares for Rs. 2,162.05 each, nearly 2.9% higher than the opening rate. And 3.5% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 429,843 cores; the UC Limit is 2,286.90, and the LC Limit is 1,871.00.
Company Financials
Kotak Mahindra’s third quarter financials for FY 2-24-25 reflected a Net Profit of Rs. 3,305 crore, a 10% growth from Rs. 3,005 crore in the same period last year. The reports show the Bank’s Net Interest Income to have been Rs. 7,196 crore, up 10% from Rs. 6,554 crore YoY. Its Advances recorded a growth of 16% increase in loan value, and Deposits recorded a 15% rise.
Recent News About Kotak Mahindra Bank
- In February 2025, the RBI lifted restrictions that prevented Kotak Mahindra Bank from onboarding new customers and issuing new credit cards.
Kotak Mahindra Bank Share Price Target
As per experts’ prediction, Kotak Mahindra Bank Ltd. has an average target of 2044.85. The consensus estimated a downside of -5.33% from the last price of 2159.90.
Should You Buy, Sell, Or Hold?
Market experts on Money Control and Trendlyne provide mixed suggestions for buying and holding the shares, with an inclination towards buying. But, before investing in Kotak Mahindra Bank, consider its long-term performance and consult your analyst to make the perfect move.
All the information given above is for informational purposes only. Investors should consult with their certified experts before making any investment-related decisions.
