SMBC’s over 3.2 crore shares were sold to scores of buyers at a price of Rs 1,940.8 apiece which include domestic and foreign funds, asset management companies and sovereign funds. The buyers include 360 One Asset Management, Abu Dhabi Investment Authority, Blackrock Global Funds-India Fund, BNP Paribas Financial Markets, BofA Securities, Morgan Stanley Asia (Singapore) Pte – ODI, Nomura Funds Ireland Plc, Societe Generale, T Rowe Price Funds and Citigroup among others. Among domestic MFs, some of the prominent names included Aditya Birla Sun Life MF, Axis Mutual Fund, HDFC MF and several scheme of Mirae Asset.
Shares of Kotak Mahindra Bank today ended at Rs 1,972.90 on the NSE, gaining Rs 12.50 or 0.64% per share.
Kotak Mahindra shares have rallied 10% in 2025 so far while 1-year returns also hover around 10%.
The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 2,051.2 and Rs 1,998.6, respectively.
Kotak Mahindra Bank had reported a 7% year-on-year decline in its standalone net profit for the June quarter at Rs 3,282 crore, compared to Rs 3,520 crore in the year ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25. This decline was excluding gains on KGI divestment, the company filing said. On June 18, 2024, ZKGI ceased to be a wholly-owned subsidiary and became an associate of the Bank.However, the net profit numbers came in after adjusting for the one-time gain from the sale of its general insurance business. Including the gain, the unadjusted net profit was significantly higher at Rs 6,250 crore in the year ago period.Also Read: Oracle stock turns 2025’s multibagger after 41% surge; chairman Larry Ellison beats Elon Musk to become world’s richest man
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