Kotak Mahindra Bank plans stock split; here's what it means
Kotak Mahindra Bank is thinking about splitting its shares for the first time since 2010.
The board meets on November 21 to discuss dividing each ₹5 share into smaller, more affordable units—making it easier for everyday investors to get in.
Why does this matter?
A stock split won't change how much the company is worth, but it usually makes shares more liquid and trading more active.
Kotak's stock has climbed 16% this year, closing at ₹2,075.15.
The company recently reported a Q2 profit of ₹3,253 crore, broadly in line with estimates.
What's happening behind the scenes?
Kotak's net interest income grew 4% year-on-year last quarter, hitting ₹7,311 crore.
Better asset quality and lower credit costs have helped keep things steady.
Analysts expect margins to pick up later this year barring any further rate cuts, with brokerages like Nomura setting a target price around ₹2,200 per share.