−82% from the high · +21% from the low
Short covering into a 26-day expiry: futures OI −2.0% on a +0.3% day, the most call OI sits at 410, the most put OI at 390, max pain 410.
KOTAKBANK futures closed at ₹421.65, +0.8% to spot, with 91% of open interest in the 27 Oct contract, and the 420 straddle prices a move of about ±4.9% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹421.65 | +3.30+0.8% | +11% | 77,000▼ −2.7% · −2,100 lots | 91 | 29,000 |
| 23 Nov53 days | ₹423.85 | +5.50+1.3% | +9.1% | 7,200▲ +4.1% · +280 lots | 8.6 | 990 |
| 29 Dec89 days | ₹426.95 | +8.60+2.1% | +8.4% | 190▲ +273.1% · +140 lots | 0.23 | 230 |
8.8% of futures OI sits beyond the 27 Oct contract · 42 of 50 listed contracts traded · 1.6 L option contracts changed hands
The 420 straddle closed at ₹20.45 (call 10.90 + put 9.55), pricing a move of about ±4.9% by the 27 Oct expiry. In the last 253 windows of 19 sessions, KOTAKBANK moved more than that 94 times.
After the last 8 bulletins, KOTAKBANK closed higher five sessions later in 5 of 6.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 30 SeptIndian indices close lower amid global volatility | ▲ +2.7%Nifty −0.4% · +3.1 pp | ▲ +3.0%Nifty −1.3% · +4.3 pp | —not reached | ▲ +0.4%long build-up |
| 26 SeptKotak Mahindra Bank approves merger of subsidiaries | ▼ −0.6%Nifty −1.6% · +0.9 pp | ▲ +0.5%Nifty −1.8% · +2.3 pp | —not reached | ▲ +0.4%short build-up |
| 17 AugKotak Bank Q1 profit rises 26% to ₹4,123 crore | ▲ +0.4%Nifty −0.3% · +0.7 pp | ▼ −0.9%Nifty −0.9% · 0.0 pp | ▲ +2.6%Nifty −0.6% · +3.2 pp | ▲ +0.6%long build-up |
| 29 JulSensex, Nifty decline amid geopolitical tensions | ▼ −0.2%Nifty +0.3% · −0.5 pp | 0.0%Nifty +0.6% · −0.5 pp | ▲ +1.0%Nifty +1.6% · −0.6 pp | ▼ −0.7%long unwinding |
| 29 JulSensex and Nifty decline amid geopolitical tensions | ▲ +1.3%Nifty +1.1% · +0.2 pp | ▲ +1.1%Nifty +1.4% · −0.3 pp | ▲ +3.8%Nifty +2.7% · +1.1 pp | ▲ +0.1%long build-up |
| 28 JulSensex and Nifty decline amid geopolitical tensions | ▲ +1.3%Nifty +1.1% · +0.2 pp | ▲ +1.1%Nifty +1.4% · −0.3 pp | ▲ +3.8%Nifty +2.7% · +1.1 pp | ▲ +0.1%long build-up |
| 20 JulKotak Mahindra Bank shares drop 3.5% after Q1 earnings | ▲ +1.0%Nifty −0.2% · +1.2 pp | ▼ −0.2%Nifty −1.0% · +0.8 pp | ▲ +0.8%Nifty −1.0% · +1.9 pp | ▲ +0.2%long build-up |
| 20 JulIndian indices close higher with IT and banking gains | ▼ −2.0%Nifty −0.4% · −1.6 pp | ▼ −1.0%Nifty −0.6% · −0.4 pp | ▼ −1.4%Nifty −1.4% · 0.0 pp | ▲ +2.1%short build-up |
Revenue ₹18,355 cr, +6.4% on a year earlier; profit ₹5,487 cr, +24% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 18 Jul | ₹18,355 cr | ▲ +6.4% | ₹5,487 cr | ▲ +24% | 5.51 | ▼ −2.0%Nifty −0.4% · −1.6 pp |
| Mar 2026filed 2 May · audited | ₹17,827 cr | ▲ +6.3% | ₹5,402 cr | ▲ +10% | 5.45 | ▼ −3.0%Nifty +0.5% · −3.5 pp |
| Dec 2025filed 24 Jan | ₹17,507 cr | ▲ +5.3% | ₹4,904 cr | ▲ +5.7% | 4.95 | ▼ −3.3%Nifty +0.5% · −3.8 pp |
| Sept 2025filed 25 Oct | ₹17,199 cr | ▲ +4.7% | ₹4,446 cr | ▼ −11% | 22.47 | ▼ −1.8%Nifty +0.7% · −2.4 pp |
| Jun 2025filed 26 Jul | ₹17,248 cr | ▲ +8.9% | ₹4,429 cr | ▼ −40% | 22.49 | ▼ −7.4%Nifty −0.6% · −6.8 pp |
| Mar 2025filed 6 May · audited | ₹16,772 cr | ▲ +11% | ₹4,909 cr | ▼ −6.4% | 24.81 | ▲ +1.0%Nifty +0.1% · +0.9 pp |
| Dec 2024filed 18 Jan | ₹16,633 cr | ▲ +15% | ₹4,640 cr | ▲ +10% | 23.64 | ▲ +9.2%Nifty +0.6% · +8.6 pp |
| Sept 2024filed 19 Oct | ₹16,427 cr | ▲ +20% | ₹4,998 cr | ▲ +13% | 25.37 | ▼ −4.4%Nifty −0.3% · −4.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹69,781 cr | ▲ +6.3% | ₹19,181 cr | ▼ −13% | 55.36 |
| FY25to Mar 2025 | ₹65,669 cr | — | ₹21,946 cr | — | 111.29 |
KOTAKBANK trades at 11 times trailing earnings against 16 for its industry, revenue +5.7% over twelve months, a 0.31% dividend yield, market cap ₹4,20,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| HDFCBANKHDFC Bank Limited | 11,00,000 cron 1 Oct | 14consolidated | — | ₹721.20 |
| ICICIBANKICICI Bank Limited | 9,40,000 cron 1 Oct | 17consolidated | — | ₹1,310.60 |
| KOTAKBANKKotak Mahindra Bank Limited | 4,20,000 cron 1 Oct | 11consolidated | — | ₹418.35 |
| AXISBANKAxis Bank Limited | 3,80,000 cron 1 Oct | 14consolidated | — | ₹1,217.10 |
| IDBIIDBI Bank Limited | 93,000 cron 1 Oct | — | — | ₹86.55 |
| FEDERALBNKThe Federal Bank Limited | 79,000 cron 1 Oct | 17consolidated | — | ₹318.20 |
| IDFCFIRSTBIDFC First Bank Limited | 69,000 cron 1 Oct | 31consolidated | — | ₹80.40 |
| INDUSINDBKIndusInd Bank Limited | 69,000 cron 1 Oct | 52consolidated | — | ₹886.85 |
| YESBANKYes Bank Limited | 65,000 cron 1 Oct | 17consolidated | — | ₹20.75 |
| RBLBANKRBL Bank Limited | 64,000 cron 1 Oct | 30consolidated | — | ₹411.40 |
| KARURVYSYAKarur Vysya Bank Limited | 31,000 cron 1 Oct | — | — | ₹325.30 |
| BANDHANBNKBandhan Bank Limited | 28,000 cron 1 Oct | 21standalone | — | ₹176.00 |
| CUBCity Union Bank Limited | 23,000 cron 1 Oct | — | — | ₹230.05 |
| J&KBANKThe Jammu & Kashmir Bank Limited | 15,000 cron 1 Oct | — | — | ₹140.00 |
| TMBTamilnad Mercantile Bank Limited | 14,000 cron 1 Oct | — | — | ₹872.05 |
| SOUTHBANKThe South Indian Bank Limited | 12,000 cron 1 Oct | — | — | ₹47.45 |
| KTKBANKThe Karnataka Bank Limited | 12,000 cron 1 Oct | — | — | ₹321.60 |
| DCBBANKDCB Bank Limited | 6,400 cron 1 Oct | — | — | ₹199.70 |
| CSBBANKCSB Bank Limited | 5,300 cron 1 Oct | — | — | ₹304.75 |
| DHANBANKDhanlaxmi Bank Limited | 1,100 cron 1 Oct | — | — | ₹26.95 |
Promoters hold 25.9%, foreign portfolio investors 25.2%, mutual funds 24.5% and insurance companies 10.0%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 25.870.00 pp | 25.870.00 pp | 25.87▼ −0.01 pp | 25.880.00 pp | 25.88 |
| Foreign portfolio investors | 25.20▼ −1.19 pp | 26.39▼ −2.96 pp | 29.35▼ −0.39 pp | 29.74▼ −0.94 pp | 30.68 |
| Mutual funds | 24.50▲ +0.93 pp | 23.57▲ +2.39 pp | 21.18▲ +0.41 pp | 20.77▲ +2.42 pp | 18.35 |
| Insurance companies | 10.01▲ +0.59 pp | 9.42▲ +0.35 pp | 9.07▲ +0.06 pp | 9.01▼ −0.31 pp | 9.32 |
| Banks and financial institutions | 3.200.00 pp | 3.20▲ +0.57 pp | 2.63▲ +0.39 pp | 2.24▲ +0.30 pp | 1.94 |
| Individual investors | 8.880.00 pp | 8.88▼ −0.19 pp | 9.070.00 pp | 9.07▲ +0.08 pp | 8.99 |
| Bodies corporate | 1.84▼ −0.04 pp | 1.88▲ +0.06 pp | 1.82▼ −0.01 pp | 1.83▲ +0.08 pp | 1.75 |
| Other foreign holders | 0.01▼ −0.30 pp | 0.31▼ −0.24 pp | 0.55▼ −0.37 pp | 0.92▼ −1.65 pp | 2.57 |
| Others | 0.49▲ +0.01 pp | 0.48▲ +0.01 pp | 0.47▼ −0.07 pp | 0.54▲ +0.01 pp | 0.53 |
Nothing upcoming on record; the last was a dividend of ₹0.65 a share, ex-date 17 Jul 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 17 Jul 2026 | dividend | ₹0.65 | 17 Jul 2026 | BSE |
| 14 Jan 2026 | split | 5→1 | 14 Jan 2026 | BSE |
| 18 Jul 2025 | dividend | ₹2.50 | 18 Jul 2025 | BSE |
| 19 Jul 2024 | dividend | ₹2.00 | 19 Jul 2024 | BSE |
KOTAKBANK is −1.2% over 20 sessions against Nifty's −6.2%, 82% below its 52-week high, realised volatility 18% annualised.
| Window | From ₹ | KOTAKBANK % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,994.99 | ▼ −79% | ▼ −9.1% | −70 |
| 120 sessionssince 9 Apr | ₹371.90 | ▲ +12% | ▼ −5.7% | +18 |
| 60 sessionssince 8 Jul | ₹370.09 | ▲ +13% | ▼ −6.1% | +19 |
| 20 sessionssince 2 Sept | ₹423.52 | ▼ −1.2% | ▼ −6.2% | +5.0 |
| 5 sessionssince 24 Sept | ₹404.99 | ▲ +3.3% | ▼ −2.8% | +6.1 |
| 1 sessionsince 30 Sept | ₹417.02 | ▲ +0.32% | ▼ −0.88% | +1.2 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.