Share cost of private lender Kotak Mahindra Bank rose 3% intraday on October 19 after LIC of India brought its holding up in the organization.
According to the most recent shareholding pattern information accessible on the BSE, the Life Insurance Corporation of India (LIC) has expanded its stake in Kotak Mahindra Bank by 0.73 percent in quarter finished September 2020.
LIC has expanded its shareholding to 3.18 percent from 2.45 percent, as it has purchased extra 14,523,574 shares in the organization.
LIC presently holds 6,29,92,740 shares in the organization according to September quarter information as against 4,84,69,166 in June 2020.
At 15:07 hrs Kotak Mahindra Bank was citing at Rs 1,374.95, up Rs 38.40, or 2.87 percent on the BSE.
The share contacted its 52-week high Rs 1,739.95 and 52-week low Rs 1,000.35 on 19 February, 2020 and 19 March, 2020, separately.
As of now, it is trading 20.98 percent underneath its 52-week high and 37.45 percent over its 52-week low.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Buzz Illustrated journalist was involved in the writing and production of this article.