Kotak Mahindra Bank Achieves Record Trading Volume Amid Strong Market Momentum

Kotak Mahindra Bank Ltd (KOTAKBANK) has emerged as one of the most active equities today, reflecting significant trading activity in the private banking sector. The stock recorded a total traded volume of 1,098,044 shares, with a total traded value of approximately Rs 24,901.99 lakhs. Opening at Rs 2,249.0, the stock reached a day high of Rs 2,286.0 before settling at a last traded price of Rs 2,285.9.
Notably, Kotak Mahindra Bank hit a new 52-week and all-time high of Rs 2,275 today, showcasing its strong market performance. The stock has outperformed its sector by 0.9% and has shown a consistent upward trend, gaining for six consecutive days with a total return of 10.63% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust momentum.

Investor participation has also increased, with a delivery volume of 32.89 lakhs on April 21, reflecting a 4.9% rise against the 5-day average delivery volume. The liquidity of the stock remains healthy, accommodating trade sizes of Rs 19.06 crore based on 2% of the 5-day average traded value. Overall, Kotak Mahindra Bank's performance today underscores its strong position in the market.