Kotak Mahindra Bank shares soar 6% on likely $690 million MSCI inflows

The action in Kotak Bank stock was high with over 36.8 lakh shares changing hands around this time. The stock has corrected from its 52-week high of Rs 1.997.55 which it hit in November 2022. It has marginally outperformed the Nifty50 index, giving returns of over 2% over a 12-month period as against a 0.3% gain seen in Nifty50, according to Trendlyne data.

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