Kotak Mahindra Bank Shares Jump Over 4%, Hit 10-Week High After Robust Q1 Update

Mumbai, India – Shares of Kotak Mahindra Bank surged over 4% in early trade on Monday, making it one of the top gainers today on the Nifty 50. The rally came after the private sector lender posted a strong business update for the first quarter of FY25, boosting investor sentiment and placing the stock firmly among the key stocks to watch today. As of the latest trading session, the Kotak Mahindra Bank share price climbed to a 10-week high, reflecting renewed investor confidence in the bank’s growth trajectory.

What Drove the Rally?

On Sunday evening, Kotak Mahindra Bank released its Q1 business update, revealing solid growth in both advances and deposits. Total advances were up 17.5% year-on-year, while deposits saw a healthy uptick as well. At a time when the banking sector is facing tight liquidity conditions, these numbers were enough to reassure investors and revive interest in the stock. This is the kind of news that catches attention in a cautious market. No wonder Kotak Mahindra Bank today is a hot name in the trading circles and has made it to several ‘stocks to watch today  lists.

Analysts Say Momentum Is Back

Several market watchers believe this could mark a turnaround for the stock, which had underperformed peers in recent months. Analysts point out that Kotak Mahindra Bank’s steady credit growth, along with improving asset quality and a strong retail base, make it well-positioned for FY25. “The Q1 update signals a strong start to the year. Loan growth looks healthy, and we expect NIMs to remain stable,” said a banking analyst with a domestic brokerage. “It’s one of the banking stocks to keep an eye on this earnings season.”

After weeks of muted movement, Kotak Mahindra Bank is back in the spotlight and for the right reasons. The Q1 update has acted as a confidence booster, not just for shareholders but also for analysts tracking India’s private banking sector closely. If you’re following Kotak Mahindra Bank news, today’s price action and fundamentals suggest it might just be entering a new phase of momentum.