Kotak Mahindra Bank shares dropped sharply by 6.63% to Rs 1,743 on the BSE, eroding a significant Rs 24,801.79 crore from its market valuation.
The stock faced a weak start, leading to a steep fall during early trading hours. Investors reacted to concerns surrounding the banking sector and possible changes in leadership at the bank, adding to the market pressure. This dramatic dip in stock price has put Kotak Mahindra Bank under close scrutiny by market analysts and investors alike.