Next Article
Kotak Mahindra Bank considers stock split to boost liquidity
Business
Kotak Mahindra Bank is thinking about splitting its shares to make them more affordable and easier to trade.
The last time they did this was back in 2010, when the face value dropped from ₹10 to ₹5.
If approved, this move could help more people get in on the action.
Other details:
The bank has a solid track record of looking out for its shareholders—think regular dividends and a bonus share giveaway in 2015.
Even during tough times like the pandemic, payouts were paused just once in over a decade.
Most analysts are still upbeat about Kotak's stock: 29 out of 43 say "Buy," and the price has already jumped over 17% this year, even with a small dip recently.